GS
The Goldman Sachs Group Inc. Financial Services - Investment Banking Investor Relations →
The Goldman Sachs Group Inc. (GS) closed at $928.75 as of 2026-02-02, trading 101.0% above its 200-week moving average of $461.96. The stock is currently moving closer to the line, down from 103.9% last week. With a 14-week RSI of 75, GS is in overbought territory.
Over the past 1348 weeks of data, GS has crossed below its 200-week moving average 24 times. On average, these episodes lasted 15 weeks. Historically, investors who bought GS at the start of these episodes saw an average one-year return of +13.5%.
With a market cap of $281.2 billion, GS is a large-cap stock. Return on equity stands at 13.9%. The stock trades at 2.6x book value.
The company has been aggressively buying back shares, reducing its share count by 6.9% over the past three years.
Over the past 25.9 years, a hypothetical investment of $100 in GS would have grown to $1430, compared to $754 for the S&P 500. That represents an annualized return of 10.8% vs 8.1% for the index — confirming GS as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
In the past 12 months, corporate insiders have made 1 open-market purchase totaling $1,997,584.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: GS vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After GS Crosses Below the Line?
Across 24 historical episodes, buying GS when it crossed below its 200-week moving average produced an average return of +14.0% after 12 months (median +10.0%), compared to +9.1% for the S&P 500 over the same periods. 79% of those episodes were profitable after one year. After 24 months, the average return was +33.4% vs +23.3% for the index.
Each line shows $100 invested at the moment GS crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
GS has crossed below its 200-week MA 24 times with an average 1-year return of +13.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| May 2000 | May 2000 | 1 | 9.8% | +41.0% | +1809.7% |
| Nov 2000 | Dec 2000 | 2 | 4.6% | +11.2% | +1531.9% |
| Mar 2001 | Apr 2001 | 5 | 3.9% | +4.4% | +1427.0% |
| Jun 2001 | Nov 2001 | 19 | 22.4% | -14.0% | +1446.5% |
| Jan 2002 | Mar 2002 | 5 | 9.0% | -19.6% | +1447.1% |
| Apr 2002 | Jun 2003 | 61 | 26.9% | -15.7% | +1433.6% |
| Jun 2003 | Jun 2003 | 1 | 2.0% | +16.0% | +1488.1% |
| Sep 2003 | Sep 2003 | 1 | 0.6% | +11.6% | +1440.1% |
| Aug 2004 | Aug 2004 | 2 | 0.4% | +31.0% | +1426.4% |
| Sep 2008 | Jul 2009 | 45 | 66.7% | +14.8% | +710.3% |
| Dec 2009 | Dec 2009 | 2 | 0.5% | +1.5% | +654.0% |
| Jan 2010 | Mar 2010 | 6 | 9.6% | +8.9% | +698.4% |
| Apr 2010 | Nov 2010 | 29 | 20.3% | -2.6% | +664.0% |
| Nov 2010 | Nov 2010 | 1 | 1.6% | -43.3% | +672.1% |
| Apr 2011 | Dec 2012 | 90 | 37.6% | -24.9% | +684.1% |
| Jan 2016 | Apr 2016 | 14 | 7.7% | +59.4% | +632.4% |
| May 2016 | Aug 2016 | 15 | 12.8% | +44.8% | +614.3% |
| Sep 2016 | Oct 2016 | 2 | 2.6% | +41.7% | +581.7% |
| Nov 2018 | Apr 2019 | 20 | 21.1% | +11.0% | +443.0% |
| May 2019 | Jun 2019 | 7 | 9.8% | -6.2% | +438.9% |
| Aug 2019 | Aug 2019 | 2 | 3.4% | +6.8% | +443.5% |
| Sep 2019 | Oct 2019 | 1 | 1.0% | +2.0% | +436.4% |
| Feb 2020 | Nov 2020 | 37 | 33.6% | +63.0% | +433.5% |
| Oct 2023 | Oct 2023 | 1 | 1.6% | +81.7% | +237.6% |
| Average | 15 | — | +13.5% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02