GIS drawdown: 60.2% below the all-time high
General Mills Inc. (GIS) is 60.2% below its all-time high, set May 12, 2023 (as of market close, Jul 24, 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 (1980).
- Below all-time high
- −60.2%
- 39.8% of ATH
- All-time high
- $90.61
- May 12, 2023
- Time below the high
- 3.2 yrs
- since May 12, 2023
- Worst-ever drawdown
- −64.5%
- Jun 3, 2026
- Longest underwater
- 5.9 yrs
- between all-time highs
- Today's level first reached
- Feb 19, 2010
- 16.4 yrs ago
- Last time this deep
- never before
- no prior −60.2% episode
% of all-time high since 1980#
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 GIS, 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 |
|---|---|---|---|---|---|
| May 12, 2023 | Jun 3, 2026 | −64.5% | 3.1 yrs | not yet | 3.2 yrs+ |
| Jul 19, 2016 | Dec 18, 2018 | −49.5% | 2.4 yrs | Apr 20, 2022 | 5.8 yrs |
| Jan 3, 1992 | Jul 28, 1994 | −34.9% | 2.6 yrs | Dec 3, 1997 | 5.9 yrs |
| Oct 3, 2008 | Mar 20, 2009 | −32.7% | 6 mo | Dec 22, 2009 | 15 mo |
| Aug 21, 1987 | Oct 26, 1987 | −31.6% | 2 mo | Apr 11, 1989 | 1.6 yrs |
| Oct 29, 1999 | Feb 10, 2000 | −31.1% | 3 mo | Dec 26, 2000 | 14 mo |
| Dec 27, 2001 | Jul 22, 2002 | −27.4% | 7 mo | Jan 28, 2005 | 3.1 yrs |
| Dec 11, 1997 | Aug 11, 1998 | −23.0% | 8 mo | Dec 29, 1998 | 13 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 1980: how far GIS 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: GIS 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 GIS from its all-time high?
- GIS is currently 60.2% below its all-time high, set May 12, 2023 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest GIS drawdown ever?
- The deepest decline on record in our data (since 1980) took the stock 64.5% below its prior high, bottoming Jun 3, 2026. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1980 (split-adjusted). "All-time" means since our price data begins — GIS 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.