As competitors continue to falter, Goldman Sachs has reaped profits from recent rallies in equities and fixed-income securities and has positioned itself to benefit from a global recovery. But a recent $55m (€36m) selling spate by two insiders may be suggesting the stock has gotten ahead of itself.

Michael Evans, a vice chairman at Goldman, sold 70,000 shares on November 23 for $12m, or an average price of $171.73 each. On November 25, he sold 70,000 additional shares for $11.7m, or an average price of $167.39 each.