Fannie, Freddie "Stupidly Cheap" Ackman Says, Stocks Up Over 20%

Tiger Newspress03-30 22:11

Common shares of mortgage finance giants Fannie Mae and Freddie Mac jumped more than 30% in Monday trading.

  • Fannie rose as much as 25%, while Freddie climbed as much as 22%, both the most since May 2025

    Over the weekend, investor Bill Ackman said in a post on X that “Fannie and Freddie are stupidly cheap. Asymmetry at its best. They could be a 10X and it could happen soon”

    • He also said “some of the highest quality businesses in the world are trading at extremely cheap prices,” and it’s “one of the best times in a long time to buy quality”

  • Even with Monday’s rally, the two stocks were still down around 60% from a mid-September peak, as optimism has faded about the Trump administration’s plans to release them from government control

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