Fannie Mae's stock, trading under the ticker $FNMA, experienced notable fluctuations following a presentation by investor Bill Ackman. Initially, the stock dropped by 6% but rebounded significantly, closing up by 28% on January 17, 2025. Ackman's presentation, which included a comprehensive 104-slide deck, discussed the intricacies of Fannie Mae and Freddie Mac, suggesting a potential privatization strategy under the incoming Trump administration. Analysts have projected a 6-7x upside for Fannie Mae over the next two years, reflecting optimism despite the recent volatility. The stock's price reached $6.67 at one point, recovering from earlier lows that saw it peak at nearly $8 since August. The market's reaction indicates a complex sentiment surrounding the future of government-sponsored enterprises (GSEs) and their potential privatization.