Fannie Mae (FNMA) shares surged as much as 41% on March 30, 2026. Billionaire investor Bill Ackman triggered the rally via a post on X.
Ackman labeled the shares as stupidly cheap. He cited a 10X growth potential for the stock.
The investor highlighted the company’s $14.4 billion net income. This figure compares to a current market capitalization of $10 billion.
The endorsement provided a clear catalyst amid market volatility from the Iran war. Shares reached a closing price of $4.86 per InvestorsHub.
No company-specific events were reported for March 31. Pre-market activity aligns with positive broader market futures.