Announcement
General Motors Company announced that it will move its common stock listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market, with the transition effective on November 17, 2026. The shares will continue to trade under the ticker symbol “GM” on the NYSE through the close of trading on November 16, 2026, and will begin trading on Nasdaq the following day using the same ticker.
Rationale and Eligibility
Paul Jacobson, Executive Vice President and Chief Financial Officer of GM, stated that the decision reflects the automaker’s customer‑focused, technology‑driven strategy and that Nasdaq is a natural home as the company grows. The move makes GM eligible for possible inclusion in the Nasdaq‑100 Index.
Shareholder Impact
GM confirmed that current stockholders do not need to take any action related to the transfer.
Market Reaction
Following the announcement, GM shares were trading roughly 2.4% higher in pre‑market trading on Tuesday. In the same session, GM’s stock rose 0.51% and the Nasdaq‑100 index (NDX) gained 1.09%.
Historical Context
The company noted that multiple major firms have moved from the NYSE to Nasdaq over the past two decades to bolster a technology image and gain index eligibility, and that transferred stocks often experience tighter bid‑ask spreads and improved liquidity.