Michael Burry Is Driving Freddie Mac Stock Higher on Tuesday. Should You Buy Shares Here?

Freddie Mac (FMCC) shares rallied as much as 10% this morning after Big Short investor Michael Burry said he’s bullish on the government-sponsored mortgage giant. The hedge fund manager confirmed he has a “personal” stake in the housing finance enterprise, which was established in 1970 to expand the secondary market for U.S. mortgages. More News from Barchart Note that Freddie Mac stock is currently traded over the counter. At the time of writing, it’s down about 20% versus its year-to-date high in Sept ...