General Motors announced plans to move its common stock listing from the New York Stock Exchange to the Nasdaq, with trading expected to commence on Nov. 17. The company’s ticker symbol will remain unchanged at “GM.” The Detroit automaker cited its customer-focused, technology-driven strategy as the rationale for the transfer, with Chief Financial Officer Paul Jacobson stating the move reflects the company’s positioning as it expands its operations.
The shift will make GM eligible for potential inclusion in the Nasdaq-100 Index. Existing shareholders need not take any action regarding the transfer. The move represents a significant development for the NYSE, given that GM first listed on the exchange in 1911 and returned to it in 2010 following a government-backed bankruptcy restructuring.
GM joins a growing trend of established companies relocating to Nasdaq from the NYSE in recent years. Other major corporations including Walmart, DoorDash, Palantir Technologies, and Hilton Worldwide Holdings have made similar transfers. Nasdaq identified common motivations for such transfers as index inclusion opportunities, cost-effective fee structures, brand visibility partnerships, access to event facilities, and access to investor relations and environmental, social, and governance products.
The announcement followed a technology-focused event held by GM where company executives outlined the firm’s strategic roadmap for artificial intelligence and autonomous vehicle development. GM’s stock closed at $80.54 per share, representing a 5% increase on the day. The company has maintained an aggressive stock repurchase program, with shares more than doubling since 2024. GM’s market capitalization stood at approximately $64.4 billion.
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