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Fannie, Freddie Soar as Ackman Says They’re ‘Stupidly Cheap’

Felice Maranz
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Shares of Fannie Mae and Freddie Mac surged Monday after billionaire investor Bill Ackman declared them "stupidly cheap," reversing months of declines. Fannie rose up to 41%, while Freddie climbed 34%. The rally marks the steepest single-day gain for both mortgage giants since May 2025, signaling renewed investor confidence amid Ackman’s endorsement. Ackman’s comments, shared via Bloomberg Terminal, triggered the spike, though gains were partially pared by day’s end. The remarks underscore his long-standing bullish stance on the firms. The stocks had faced prolonged downward pressure before Monday’s rebound, reflecting broader market skepticism about their valuation and regulatory risks. Analysts note Ackman’s influence in moving markets, with his public backing often sparking short-term volatility in targeted stocks.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:Shares of Fannie Mae and Freddie Mac are clawing back part of a months-long decline after investor Bill Ackman called the mortgage finance giants “stupidly cheapBloomberg Terminal.”Fannie Mae pared gains of as much as 41% in Monday trading, while Freddie trimmed a rally of as much as 34%. Both jumped the most since May 2025.

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Source: Bloomberg

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