Hiring Processes: A Question About Position Reposts

I recently had a successful interview for a position and was referred to another role. I went through two interviews, the last one being with the director. It seemed to go well, and I followed up with the recruiting team, who indicated that I was a top candidate and would be hearing back soon. However, I noticed the same position was reposted last week, and now I have three applications for that identical role.

Is this common practice? Can anyone shed light on why a position I’ve applied for has been opened again as a new job posting? As a recruiter, how would you interpret this situation? Is it typical to see such occurrences?