GM Moves Stock Listing to Nasdaq

General Motors will begin trading its common stock on the Nasdaq on November 17. The company stated that current shareholders do not need to take any action to complete the transfer. The ticker symbol for the stock will remain "GM."

GM cited its customer-focused and technology-driven strategy as the primary reason for the change. Chief Financial Officer Paul Jacobson said in a release that the Nasdaq is a natural home for the company as it grows. He also expressed gratitude for the company's long-standing partnership with the New York Stock Exchange.

The move allows GM to become eligible for inclusion in the Nasdaq-100 Index. The company noted that this index inclusion opportunity is a key benefit of the new listing. Other recent firms that have shifted from the NYSE to Nasdaq include Walmart, DoorDash, and Palantir Technologies.

This switch marks the end of a relationship with the NYSE that began in 1911. GM had previously relisted on the NYSE in 2010 after its bankruptcy. The automaker has recently emphasized its focus on artificial intelligence and self-driving vehicle technologies in executive presentations.

GM shares closed at $76.31 on Monday. The stock price has more than doubled since 2024, and the company's market capitalization stands at approximately $64.4 billion. The firm has also been actively buying back its own stock during this period.