GM Plans to Move Its Stock Listing From the NYSE to Nasdaq on Nov. 17

General Motors plans to transfer its common stock listing from the New York Stock Exchange to Nasdaq, a step the Detroit automaker says fits its effort to present itself as a more technology-focused company.

The company announced on Tuesday that it expects to start trading as a Nasdaq-listed business on Nov. 17. Its ticker symbol is expected to stay the same: "GM."

GM Chief Financial Officer Paul Jacobson said in a release that the company's "customer-focused, technology-driven strategy is creating value for our stockholders, making Nasdaq a natural home for our listing as we grow." He added that GM is grateful for its "long-standing partnership with the New York Stock Exchange and its remarkable legacy."

GM said the move will make it eligible for potential inclusion in the Nasdaq-100 Index. Current shareholders do not need to take any action in connection with the transfer, the company said.

The change is a notable loss for the NYSE. GM first listed on that exchange in 1911, and it returned to the exchange in 2010 after a government-backed bankruptcy.

Other well-known companies have made a similar switch in recent years, including Walmart, DoorDash and Palantir Technologies. Hilton Worldwide Holdings announced last week that it also plans to move its trading from the NYSE to Nasdaq. Nasdaq has historically been associated with technology firms.

Reasons for changing exchanges vary by company. In 2024, Nasdaq listed several common motivations: index inclusion opportunities, a cost-effective fee structure, brand visibility partnership, access to Nasdaq's event space, and its suite of investor relations and ESG products.

GM's announcement comes a week after it held a technology-focused event, where executives described the company's roadmap for artificial intelligence and self-driving vehicle technologies.

GM has been aggressively buying back its own stock, and its shares have more than doubled since 2024. The stock closed Monday at $76.31 per share, giving the company a market capitalization of roughly $64.4 billion.