ARGX drawdown: 6.9% below the all-time high
argenx SE American Depositary Shares (ARGX) is 6.9% below its all-time high, set Jul 2, 2026 (as of market close, Aug 6, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (2017).
- Below all-time high
- −6.9%
- 93.1% of ATH
- All-time high
- $939.7
- Jul 2, 2026
- Time below the high
- 35 days
- since Jul 2, 2026
- Worst-ever drawdown
- −38.2%
- Dec 20, 2023
- Longest underwater
- 17 mo
- between all-time highs
- Today's level first reached
- Nov 11, 2025
- 9 mo ago
- Last time this deep
- Jun 24, 2026
- in a previous episode
% of all-time high since 2017#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of ARGX, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jul 21, 2023 | Dec 20, 2023 | −38.2% | 5 mo | Sep 5, 2024 | 14 mo |
| Jun 12, 2018 | Oct 10, 2018 | −36.3% | 4 mo | Nov 6, 2018 | 5 mo |
| Jan 9, 2020 | Mar 16, 2020 | −34.1% | 2 mo | May 26, 2020 | 5 mo |
| Feb 11, 2021 | Jan 27, 2022 | −33.1% | 11 mo | Jul 5, 2022 | 17 mo |
| Jul 18, 2019 | Oct 8, 2019 | −29.2% | 3 mo | Dec 4, 2019 | 5 mo |
| Nov 17, 2025 | Mar 20, 2026 | −28.6% | 4 mo | Jul 2, 2026 | 7 mo |
| Jul 20, 2020 | Sep 10, 2020 | −20.9% | 52 days | Oct 7, 2020 | 3 mo |
| Feb 5, 2025 | May 14, 2025 | −20.8% | 3 mo | Aug 1, 2025 | 6 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2017: how far ARGX stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: ARGX is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is ARGX from its all-time high?
- ARGX is currently 6.9% below its all-time high, set Jul 2, 2026 (as of market close, Aug 6, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest ARGX drawdown ever?
- The deepest decline on record in our data (since 2017) took the stock 38.2% below its prior high, bottoming Dec 20, 2023. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2017 (split-adjusted). "All-time" means since our price data begins — ARGX may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.