Bill Ackman, CEO of Pershing Square, posted a reply on X last night, stating: “And Fannie and Freddie are stupidly cheap. Asymmetry at its best. They could be a 10X and it could happen soon.” Fannie Mae (FNMA) shares are up $1.59, or 33%, to $6.45 in early Monday trading, while those of Freddie Mac (FMCC) are up $1.42, or 32%, to $5.80.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FNMA:
- Bill Ackman Claims a Fannie Mae & Freddie Mac Stock Surge ‘Could Happen Soon’
- Crypto Currents: Better, Coinbase launch token-backed mortgage
- Crypto Currents: MARA sells $1.1B in Bitcoin to retire debt
- Fannie Mae to accept crypto-back mortgages, WSJ reports
- Zions Bancorp to acquire Fannie Mae, Freddie Mac business line from Basis