GM Is Leaving the NYSE for Nasdaq After 115 Years — and Its Stock Jumped 5%

General Motors is moving its stock listing from the New York Stock Exchange to Nasdaq — ending a Big Board relationship that dates to 1911 — and investors cheered the move on Tuesday, October 27, 2026, sending GM shares up more than 5% in midmorning trading.

What happened, in short

GM said it will transfer the listing of its common stock to the Nasdaq Global Select Market. Shares will keep trading on the NYSE under the ticker GM through the close of business on November 16, then begin trading as a Nasdaq-listed company on November 17 under the same GM symbol. Shareholders do not need to take any action. GM has a market value of about $64.4 billion, according to LSEG data cited by Reuters.

Why the stock jumped

The share move was immediate. GM rose about 2% in premarket trading after the announcement, then climbed further once the market opened. The Detroit Free Press reported the stock up 5.31% to $80.36 in midmorning trading, up from Monday's close of $76.31. The reason traders care is not the exchange logo itself. A Nasdaq listing makes GM eligible for possible inclusion in the Nasdaq-100, the index of the 100 largest non-financial companies listed on Nasdaq. If GM were added through the index's standard review process, funds that track the Nasdaq-100 would need to buy GM shares — a built-in source of demand. GM itself cautioned that eligibility does not guarantee inclusion.

Why GM says it is moving

GM is framing the switch as part of its push to be valued as a technology company, not just a carmaker. "GM's customer-focused, technology-driven strategy is creating value for our stockholders, making Nasdaq a natural home for our listing as we grow," Chief Financial Officer Paul Jacobson said, adding that the company is grateful for its long partnership with the NYSE. The announcement came less than a week after GM's October 21 technology event in New York, where executives laid out plans for artificial intelligence, software-defined vehicles and "eyes-off" autonomous driving. CEO Mary Barra said GM is "changing what it means to drive." GM shares have more than doubled since 2024.

A 115-year NYSE history ends

The history is what makes this move headline-worthy. GM first listed on the NYSE in 1911, making it the first automobile company traded on the Big Board, according to the Wall Street Journal. Its shares were delisted in 2009 after the company filed for bankruptcy during the financial crisis. The reorganized company returned to the NYSE with its 2010 initial public offering following the government rescue under TARP. Nasdaq, founded in 1971, built its name listing young tech companies such as Apple and Amazon, while the NYSE, founded in 1792, was traditionally home to blue-chip industrials. GM is now set to become the first legacy automaker listed on Nasdaq.

GM is not alone in switching

GM joins a growing roster of marquee names that have left the NYSE for Nasdaq in recent years. Walmart shifted its listing late last year, Hilton said last week it is moving its listing in early November, and Palantir has also made the switch. Nasdaq has also been winning the biggest new listings, including SpaceX's blockbuster IPO earlier this year and Anthropic's planned listing. For GM, it is a bet that sitting alongside tech giants will change how investors value the business. Wall Street has so far been skeptical of that re-rating — GM has traded at a lower price-to-earnings ratio than Ford despite its software and autonomy push.

What happens next

The transfer itself is mechanical: nothing changes for shareholders, the ticker stays GM, and trading continues without interruption through the November 16 NYSE close. The bigger question is whether the Nasdaq-100 review that follows actually adds GM to the index, which would trigger passive buying. Beyond that, investors will judge whether GM's AI and autonomous-driving roadmap produces the subscription and software revenue the company is promising. This post reports the news and the market reaction; it is not a recommendation to buy, sell or hold any security.

Sources

Reuters — GM to transfer stock listing to Nasdaq
Wall Street Journal — General Motors Moving Stock Listing to Nasdaq From NYSE
Detroit Free Press — GM's move aims to put its stock in the company of Amazon and Apple
TipRanks — General Motors Stock Rises on Plan to Switch Listing

FAQ

When does GM start trading on Nasdaq?

GM expects to begin trading as a Nasdaq-listed company on November 17, 2026. It will keep trading on the NYSE through the close of business on November 16.

Does GM's ticker or anything for shareholders change?

No. The ticker stays GM, and existing shareholders need to take no action on the transfer, the company said.

Why did GM stock rise on the news?

Shares rose about 2% premarket and 5.31% to $80.36 by midmorning because a Nasdaq listing makes GM eligible for the Nasdaq-100, whose inclusion would force index-tracking funds to buy the stock. Inclusion is not guaranteed.

How long was GM listed on the NYSE?

GM first listed in 1911 as the first automaker on the Big Board. It was delisted in its 2009 bankruptcy and returned with its 2010 IPO, so the current NYSE run lasted 16 years.