Jamie L. LaReauDetroit Free Press
Updated Oct. 27, 2026, 4:20 p.m. ET
- General Motors will move its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market.
- The move reflects GM’s ongoing transition from a car company to a technology-focused company.
- Wall Street analysts believe the switch is a strategic play for GM to join the Nasdaq-100 index.
- GM’s stock will continue to trade under the same “GM” ticker symbol after the change.
General Motors has been making a slow, steady and long transition from being viewed as a car company to being a technology company that sells cars.
To solidify that intention, the Detroit-based company announced on Oct. 27 that it will move its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market starting Nov. 17.
Wall Street seemed to like the move because in midmorning trading, GM’s stock price rose 5.31% to $80.36. GM’s decision comes less than a week after GM held a technology conference in New York and unveiled several initiatives that centered on artificial intelligence and the company’s software-driven progress in the ongoing quest to recast itself as a technology company.
We’re changing what it means to drive
“We’re changing what it means to drive and changing your car into an intelligent partner that makes your life easier,” CEO Mary Barra said onstage at the Oct. 21 event in Manhattan. “All of these developments will be building us the car of the future.”
The stock will continue to be listed on the NYSE under the ticker symbol “GM” through market close on Nov. 16. Once it moves to the Nasdaq, it will trade under that same symbol.
In a media statement on Oct. 27, GM CFO Paul Jacobson explained the move as being centered on the company’s increasing drive to develop and employ new technology across its products.
GM’s customer-focused, technology-driven strategy is creating value
“GM’s customer-focused, technology-driven strategy is creating value for our stockholders, making Nasdaq a natural home for our listing as we grow,” Jacobson said. “We’re grateful for our long-standing partnership with the New York Stock Exchange and its remarkable legacy.”
Jacobson added that a Nasdaq listing also offers GM eligibility to be included in the Nasdaq-100 Index which tracks 100 of the largest non-financial companies listed on the Nasdaq.
In fact, that is the play that Wall Street expects GM to make.
“This is a move focused on hopefully joining the Nasdaq 100 index and GM follows some other companies that have made a similar move to Nasdaq from NYSE,” Dan Ives, partner and senior managing director at New York-based investment banking firm Yorkville Ives, told the Detroit Free Press. “There are pros and cons but GM sees itself as a disruptive tech player going forward.”
A company listed on the Nasdaq 100 means
A company listed on the Nasdaq 100 means they could get big institutional investment dollars. Also, it puts GM in the company of the world’s most recognizable technology leaders such as Microsoft, Apple, Nvidia, Alphabet, and Amazon, signaling that GM has achieved widespread scale, high liquidity, and solid financials, according to Nasdaq.com. Finally, Nasdaq generally offers lower initial listing fees, reduced ongoing compliance costs, and more flexible regulatory and grace periods than the NYSE, according to Investopedia.
Morningstar analyst David Whiston said he believes GM wants to broaden the investor base and “be more where the action is so to speak, which is the tech industry.”
“They want to get into some tech focused indices such as the Nasdaq 100 as over time more dollars will flow there,” Whiston told the Detroit Free Press. “I’m surprised how much the stock is moving on the news today as I don’t see GM getting a halo status as a tech company. They are a cyclical and capital intensive automaker with a growing technology business. Not a bad move for them but longer term you still have the same expectations of profit and free cash flow generation so that’s what matters at the end of the day.”
GM said existing stockholders do not need
GM said existing stockholders do not need to take any action with respect to the transfer of the company’s listing.
Jamie L. LaReau is the senior autos writer at USA TODAY Co. who covers Ford Motor Co. for the Detroit Free Press. Contact Jamie at jlareau@freepress.com. Follow her on Twitter @jlareauan. To sign up for our autos newsletter. Become a subscriber.
