General Motors Plans November Move From NYSE to Nasdaq, Retaining GM Ticker

General Motors said on Tuesday, October 27, that it plans to move its common-stock listing from the New York Stock Exchange to the Nasdaq Global Select Market next month, while retaining the ticker symbol GM.

The Detroit automaker expects its shares to trade on the NYSE through the close on November 16 and begin trading on Nasdaq on November 17. The change concerns the exchange on which the shares are listed, not the company's legal identity or the ownership of its shares. GM said existing investors do not need to take any action.

The company presented the move as an expression of its increasing emphasis on software, vehicle technology and digital services. Chief Financial Officer Paul Jacobson said Nasdaq was a suitable venue as GM pursued its technology-focused strategy. The exchange is associated with many of the world's largest technology companies, although it also lists businesses in other industries.

Moving the listing could make GM eligible for consideration for the Nasdaq-100, an index of major non-financial companies listed on the exchange. Eligibility does not mean automatic inclusion: any eventual addition would depend on the index's rules and selection process. The announcement did not guarantee a change in GM's index membership or share price.

The transfer is notable for a manufacturer with a long history on the NYSE. GM originally traded there in 1911, before its financial restructuring and subsequent return to public markets in 2010. Its planned November move follows other large companies that have shifted listings to Nasdaq.

For shareholders, the immediate practical effect is limited: the same GM ticker is expected to continue trading, but on a different exchange. The company has announced a future listing change, not a completed transfer, and investors should distinguish that timetable from any speculation about index funds or subsequent market performance.