Will GS stock recover?

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GS is down 19.9% from its 3-month high and 23.6% from its 52-week high. Whether it climbs back is something nobody can know, but the stock's own history offers useful context.

Below are GS's past drops of 20% or more, how deep each one went and how long the comeback took.

The chart below tracks GS's daily closing price from April 23, 2026 to Oct. 19, 2026. Over that stretch it is down 5.1%, from $922.72 to $875.78, with a high of $1,146.35 on July 15, 2026 and a low of $875.78 on Oct. 19, 2026. Each red circle marks a week in which company insiders sold shares on the open market (7 weeks in this period; bigger circles mean more money). There are no green diamonds: no insider bought on the open market in this window.

GS share price and insider trades
Daily closing price, Apr 23, 2026 to Oct 19, 2026 · dots are open-market trades by company insiders (SEC Form 4), one per week
Latest
$875.78
Oct 19, 2026
Change
▼ -5.1%
since Apr 23, 2026
High
$1,146.35
Jul 15, 2026
Low
$875.78
Oct 19, 2026
$800$900$1,000$1,100Week of Apr 20, 2026: insiders sold $1.0M on the open market (1 trade)Week of Apr 27, 2026: insiders sold $13.4M on the open market (1 trade)Week of May 4, 2026: insiders sold $13.4M on the open market (1 trade)Week of May 11, 2026: insiders sold $6.7M on the open market (1 trade)Week of Jul 13, 2026: insiders sold $288K on the open market (1 trade)Week of Aug 3, 2026: insiders sold $184K on the open market (1 trade)Week of Aug 24, 2026: insiders sold $620K on the open market (1 trade)Apr 23, 2026Oct 19, 2026JulAug
Share price Insider sales: $35.7M in 7 trades Insider buys: noneBigger dot = more money. Hover a dot or the line for details.

GS's past 20%+ drops and recoveries

The table below shows GS's past 20%+ drops and recoveries.

PeakLowDropBack to the peak
2025-02-182025-04-08-30.9%53 trading days (2025-06-25)
2026-07-152026-10-19-23.6%not yet

Also worth knowing about GS

Insiders sold $805,000 over 90 days and bought none on the open market; sales are often routine (taxes, pre-planned plans).

On share issuance, the dilution score is 25/100 (moderate). Share count down 3.8% over a year.

The company filed a 424B3 on Oct. 5, 2026: Stock offering (common) (prospectus).

Live GS data, updated every 30 minutes: GS insider trades, ownership and filings →

What would change the picture for GS

These are the specific events and levels to watch. None of them is a prediction.

  • An open-market purchase by an insider at Goldman Sachs Group Inc. There has been none in 90 days; Form 4 filings would show one within two business days of the trade.
  • Analyst ratings: the average score moved from 3.62 to 3.59 over three months (on a scale where 5 is strong buy and 1 is strong sell). A run of downgrades after earnings usually shows up here first.
  • Price levels: a close above $1146.35 would be a new 52-week high, 30.9% above the latest close of $875.78; a close below $730.32 would be a new 52-week low, 16.6% below it.
  • Growth: revenue rose 17.8% year over year in the quarter ending Jun 2026 (trend: accelerating). At a P/E of 13.5, a slowdown would matter more than at a lower multiple.
  • New shares: dilution risk is moderate now. A new shelf registration (S-3) or a prospectus supplement (424B) for an offering would raise it.

How GS compares with its peers

Over the past month GS ranks 3 of 6 in this group (-7.0%); the best was JPM (-4.1%) and the weakest BAC (-12.7%).

GS's P/E of 13.5 is below the peers' median of 14.3, so investors pay less for each dollar of its profit.

StockClose1 month3 monthsFrom 52-wk highP/EPrice/salesRevenue growth
GS$875.78-7.0%-18.9%-23.6%13.53.85+17.8%
JPM$333.53-4.1%-2.9%-8.2%14.34.45+13.5%
BAC$50.39-12.7%-17.3%-21.9%11.62.91+9.7%
WFC$81.8-5.0%-6.2%-13.7%11.92.85+6.2%
C$121.69-7.6%-7.9%-16.0%17.41.6+57.3%
MS$178.47-11.9%-17.1%-21.5%14.43.59+18.0%

GS history: what happened after similar moves

Since 2023, GS fell 7.0% or more in a month 7 times (separate episodes, not counting the current one). Three months later it was higher in 5 of 5 cases; the median change was +22.9%.

Past moves don't predict the next one; they show how volatile the stock has been.

Month endingMove in that month1 month later3 months later
2025-03-04-8.8%-3.1%+4.4%
2025-04-03-13.8%+9.5%+39.8%
2025-10-22-7.7%+3.9%+24.0%
2026-02-27-8.2%-5.6%+19.9%
2026-08-12-9.0%-0.3%not yet
2026-09-16-10.3%-5.0%not yet
The bottom line

GS is down 19.9% from its 3-month high and 23.6% from its 52-week high. Nobody knows if or when it will recover; history only shows how past drops played out.

In the last three years, 1 drop of 20% or more fully recovered, after about 53 trading days on average.

Questions people also ask

Do analysts think GS is a buy?

15 of the 32 analysts who cover Goldman Sachs Group Inc rate it a buy or strong buy, for a consensus of Hold. Ratings describe analysts' views, not a guarantee, and they change after earnings. More →

Are GS insiders buying or selling?

Insiders sold $804,725 of GS on the open market in 90 days and bought none. Sales are often routine (taxes, diversification, pre-planned plans); purchases with their own money are the stronger signal.

Is Goldman Sachs Group Inc issuing new shares?

Dilution risk reads moderate (25/100); the share count fell 3.8% in a year. That is based on 1 offering-related filing(s) in 12 months.

Does GS pay a dividend?

Yes: $17.00 per share over the last 12 months, about 1.94% at today's price.

Is Goldman Sachs Group Inc profitable?

Yes. Goldman Sachs Group Inc had $66.2 billion of revenue over the last 12 months with a net margin of 31.7% and a P/E of 13.5.

Who is the largest shareholder of GS?

Among investment managers that file Form 13F, BlackRock Inc. reported the largest GS position ($24.2 billion). 3162 institutions reported holding GS for Q2 2026.

Dates to watch for GS

Insider trades can come any day: they must be filed on Form 4 within two business days.

DateEventWhy it matters
Wed Oct 28, 2026Federal Reserve rate decisionMarket odds: 85% hold, 1% cut, 14% hike.
Mon Nov 16, 202613F filing deadlineFunds disclose what they held on 2026-09-30, including GS.
Fri Nov 20, 2026Monthly options expirationOften heavier trading and bigger swings in widely traded stocks.

Key terms on this page

P/E ratio
Price divided by the last 12 months of earnings per share. A P/E of 20 means investors pay $20 for each $1 of yearly profit. It is only defined when the company is profitable.
Form 4
The SEC form a company's officers, directors and 10% owners must file within two business days of buying or selling its stock.
Open-market trade
A purchase or sale on the exchange at the market price, paid with the insider's own money (code P or S on Form 4), as opposed to option exercises, grants or gifts.
Form 13F
A quarterly SEC report listing the U.S. stock holdings of every investment manager with more than $100 million. It is due 45 days after each quarter ends, so it shows positions with a delay.
Dilution
When a company issues new shares, each existing share owns a smaller piece of the company. Common sources: stock offerings, convertible debt and large stock-based pay.
52-week high / low
The highest and lowest daily closing price over the past year (about 252 trading days).
Analyst consensus
The average of Wall Street analysts' ratings (strong buy to strong sell). Analysts skew positive, so a hold is often read as a cautious view.

Where these numbers come from

Every number on this page is computed from the data when the page is refreshed (usually daily); nothing is typed in by hand. This is information, not investment advice.

  • Price: daily closing prices through Oct. 19, 2026; changes use 5, 21 and 63 trading days; the 52-week range uses the last 252 closes.
  • Insider trades: SEC Form 4 filings for the last 90 days, counting only open-market purchases (code P) and sales (code S); option exercises, grants, gifts and filings with data errors are left out.
  • Analyst ratings: counts of current ratings from 32 analysts, compared with three months ago.
  • Earnings dates and estimates: a market-data calendar; reported vs expected EPS for the last 4 quarters.
  • Valuation and growth: revenue, earnings, margins and share counts from the company's SEC filings (XBRL data, latest quarter Jun 2026); P/E and price/sales use the latest close.
  • Fund ownership: SEC Form 13F filings for Q2 2026.
  • Dilution: share-count changes and offering-related SEC filings (shelf registrations, prospectus supplements, convertible notes) over two years, scored 0-100.
  • History: 21-trading-day moves over about three years of daily closes, counted once per episode.
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How this article was made: it was generated from SEC filings and market data with automated tools and is published under Tessa Caldwell's editorial responsibility. Spotted an error? Tell us and we will correct it.

Sources: SEC EDGAR (Form 4, 8-K/6-K, prospectuses, XBRL share counts) and daily closing prices. Insider sales are often routine (taxes, diversification, pre-planned 10b5-1 plans). Not investment advice.

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