Fannie Mae is trading at $4.22, up 13.14%, as its rally follows Bill Ackman’s calls to end conservatorship.

  • On October 22, 2026, Ackman urged ending conservatorship and outlined a potential path to a 2027 exit; reports linked comments to sharp rises in Fannie Mae and Freddie Mac shares.
  • Potential shareholder-value catalysts include a relisting and changes to government bailout-fund treatment.
  • The move continues company-specific conservatorship speculation; available reports do not establish a separate October 23 announcement.