In the past, we saw those spikes in profit-taking growth get more immediately zeroed out, or turned even to negative growth in profits year-over-year.

Source: https://www.sltrib.com/news/2023/12/16/andy-larsen-how-much-price/

Locking in Gains: Wheat futures took the brunt of profit-taking pressure again today, due to concerns about U.S. export prices.

Source: https://www.marketscreener.com/quote/future/WHEAT-FUTURES-ZW-CBE-16218/news/Wheat-Futures-Fall-as-Profit-Taking-Extends-Daily-Grain-Highlights-42771496/?utm_medium=RSS&utm_content=20230119

Tesla’s 13-day surge couldn’t last forever and that is leading to some profit-taking.

Source: https://www.marketpulse.com/newsfeed/stocks-suffering-from-a-fed-hangover-ecb-signals-a-july-hike/emoya

The recent sell-off in Daktronics' stock is likely due to profit-taking, as there are no major concerns about the company's performance.

Source: https://seekingalpha.com/article/4657092-daktronics-below-8x-growing-eps-industry-grows-20-percent?source=feed_all_articles