Bill Ackman Sets Off Fannie Mae Buzz ? Boeing, MicroCloud Hologram, MicroStrategy, Tesla Also On Investors' Radars Today

BY Benzinga | AGENCY | 12/30/24 08:41 PM EST

U.S. stock markets experienced a downturn today, with the?S&P 500?declining by 1.07%. The?NASDAQ?also saw a decrease, falling by almost 1.2%. The Dow Jones Industrial Average declined almost 1%. Despite these indices in the red, certain stocks captured significant attention from investors.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Federal National Mortgage Association (FNMA) (OTC:FNMA)

Fannie Mae’s stock surged by 36.14%, closing at $3.39. It reached an intraday high of $3.48 and a low of $2.24, with a 52-week range of $3.65 to $0.93. The stock’s rise followed?comments from Bill Ackman, CEO of Pershing Square, who highlighted the potential for Fannie Mae to exit conservatorship, influenced by the incoming Trump administration.

Boeing Co. (BA) 

Boeing’s shares fell by 2.31%, closing at $176.55. The stock hit an intraday high of $178.17 and a low of $170.15, with a 52-week high of $258.59 and a low of $137.03. The decline followed news of a tragic crash involving a 737-800 in South Korea, prompting safety inspections of the aircraft.

MicroCloud Hologram Inc. (HOLO) 

MicroCloud Hologram’s stock skyrocketed by 167.08%, closing at $6.41. It reached an intraday high of $7.81 and a low of $3.42, with a 52-week range of $1968 to $1.23. The surge came after the company announced a breakthrough in quantum technology, enhancing control over qubits in a double quantum dot system.

MicroStrategy Inc. (MSTR) 

MicroStrategy’s shares dropped by 8.19%, closing at $302.96. The stock recorded an intraday high of $320.01 and a low of $301.75, with a 52-week high of $542.99 and a low of $43.89. The decline followed the company’s announcement of a?significant Bitcoin (CRYPTO: BTC) purchase, adding 2,138 BTC to its holdings. The transaction was valued at nearly $209 million.

Tesla Inc. (TSLA) 

Tesla’s stock decreased by 3.30%, closing at $417.41. It reached an intraday high of $427 and a low of $415.75, with a 52-week range of $488.54 to $138.8. The decline occurred as the company prepared to report its fourth-quarter delivery numbers, with expectations of 511,000 vehicles delivered.

Prepare for the day’s trading with top premarket movers and news by Benzinga.

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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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