General Motors said it would move its common stock listing from the New York Stock Exchange to Nasdaq, with trading expected to begin on Nov. 17 under the same ticker symbol “GM.” The automaker characterized the move as aligning with its technology-driven strategy and customer focus.
GM Chief Financial Officer Paul Jacobson stated that the transfer reflected the company’s strategic positioning and would make Nasdaq a fitting venue for its continued growth. The company noted that relisting on Nasdaq would potentially qualify it for inclusion in the Nasdaq-100 Index. The automaker emphasized that existing shareholders would not need to take any action to complete the transfer.
The decision represents a significant change for the NYSE, which has hosted GM’s listing since 1911. GM had relisted on the exchange in 2010 following a government-backed bankruptcy reorganization. The transfer follows similar moves by other major corporations including Walmart, DoorDash, Palantir Technologies, and Hilton Worldwide Holdings, which recently announced its own shift to Nasdaq from the NYSE.
According to Nasdaq, companies typically pursue listing transfers for reasons including index inclusion opportunities, cost structures, brand visibility benefits, access to the exchange’s event facilities, and investor relations support. GM’s announcement came one week after the automaker held a technology-focused event where company executives presented its strategic direction for artificial intelligence and autonomous vehicle development.
GM stock closed Tuesday at $80.54 per share, up 5 percent on the day. The company’s shares have more than doubled since 2024, and its market capitalization stood at approximately $64.4 billion. The automaker has been executing an aggressive share repurchase program.
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