General Motors is moving its stock listing to Nasdaq from the New York Stock Exchange, becoming the latest marquee name to make the jump from the Big Board to its younger rival.
The automaker has filed paperwork with the Securities and Exchange Commission to transfer its shares, which currently trade under the ticker GM on the NYSE. The move is expected to take effect in the coming months, pending regulatory approval.
GM's shift to Nasdaq reflects a growing trend among major corporations reassessing their exchange affiliations. The company cited strategic alignment and enhanced visibility among technology-focused investors as key reasons for the relocation.
The decision underscores Nasdaq's ongoing efforts to attract blue-chip listings, challenging the NYSE's long-standing dominance in premium stock listings.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing