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General Motors to move stock listing from NYSE to Nasdaq in technology-focused shift
Fox Business • • business
Key Points:
- General Motors announced it will transfer its stock listing from the New York Stock Exchange to Nasdaq, with trading on Nasdaq expected to begin on November 17 under the ticker "GM."
- The move reflects GM's growing focus on technology and innovation, aligning with its strategy to advance vehicle technology and expand electric vehicle offerings.
- GM CFO Paul Jacobson stated that Nasdaq is a natural fit for the company's technology-driven growth, while expressing gratitude for the NYSE's legacy.
- The transfer may make GM eligible for inclusion in the Nasdaq-100 Index, though this is not guaranteed, and existing shareholders are not required to take any action.
- GM will continue its current operations without changes related to the stock exchange transfer, and shares will remain on the NYSE until November 16.
