Fannie Mae is trading at $3.56, down 11.88%, after Michael Burry disclosed he sold his common shares and warned Treasury’s senior-preferred claim could heavily dilute ordinary shareholders. - Burry’s post also described a bearish chart pattern, offering a company-specific explanation for the sharp decline. - The broader market was nearly flat on October 12, making general market weakness a less compelling explanation; the supplied price context is the basis for the current price and percentage move.