Nektar Therapeutics drawdown: 97.6% below the all-time high (price)
Nektar Therapeutics is 97.6% below its all-time high, set Mar 8, 2018 (as of market close, Oct 20, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. 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.
- Below all-time high
- −97.6%
- 2.4% of ATH
- All-time high
- $1,627
- Mar 8, 2018
- Time below the high
- 8.6 yrs
- since Mar 8, 2018
- Worst-ever drawdown
- −99.6%
- Nov 28, 2023
- Longest underwater
- 17.8 yrs
- between all-time highs
- Today's level first reached
- May 3, 1994
- 32.5 yrs ago
- Last time this deep
- never before
- no prior −97.6% episode
% of all-time high since 1994: price#
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. Basis and range are in the URL, so a particular view is a link.
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 |
|---|---|---|---|---|---|
| Mar 8, 2018 | Nov 28, 2023 | −99.6% | 5.7 yrs | not yet | 8.6 yrs+ |
| Mar 7, 2000 | Oct 15, 2008 | −95.5% | 8.6 yrs | Jan 9, 2018 | 17.8 yrs |
| Oct 14, 1997 | Oct 13, 1998 | −41.1% | 12 mo | Dec 15, 1999 | 2.2 yrs |
| May 23, 1996 | Sep 20, 1996 | −38.2% | 4 mo | Mar 12, 1997 | 10 mo |
| Oct 17, 1994 | Apr 12, 1995 | −37.8% | 6 mo | Aug 17, 1995 | 10 mo |
| May 26, 1994 | Jul 21, 1994 | −32.8% | 56 days | Aug 31, 1994 | 3 mo |
| Aug 22, 1995 | Dec 29, 1995 | −32.2% | 4 mo | Mar 4, 1996 | 6 mo |
| Jan 24, 2000 | Feb 1, 2000 | −22.5% | 8 days | Feb 8, 2000 | 15 days |
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 1994: how far Nektar Therapeutics 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: a single asset's history is one surviving sample, 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 Nektar Therapeutics from its all-time high?
- Nektar Therapeutics is currently 97.6% below its all-time high, set Mar 8, 2018 (as of market close, Oct 20, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Nektar Therapeutics drawdown ever?
- The deepest decline on record in our data (since 1994) took Nektar Therapeutics 99.6% below its prior high, bottoming Nov 28, 2023. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from NKTR; no free deep history exists for Nektar Therapeutics — for a 150-year 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. Past performance does not predict future returns; not investment advice.