General Motors (GM) Shares Jump After It Moves Its Listing to the Nasdaq
GM jumped 5.5% on Tuesday, its best day since January, after saying it will move its stock listing from the NYSE to the Nasdaq on 17 November, making it eligible for the Nasdaq-100.
What happened
Shares of General Motors (GM), the maker of Chevrolet, GMC, Buick and Cadillac vehicles, jumped 5.5% on Tuesday after it said it will move its stock listing from the New York Stock Exchange to the Nasdaq.
GM’s last day of trading on the NYSE will be 16 November, and it expects to start trading on the Nasdaq Global Select Market on 17 November, under the same “GM” ticker, the company said in a release at 6:30 a.m. ET. Existing shareholders don’t need to do anything.
“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. The shares closed at $80.54, up 5.5% from the previous close, their best day since 27 January.
Why it matters
Nothing about GM’s trucks, factories or profits changes. What changes is which index the stock can join. A Nasdaq listing makes GM eligible for the Nasdaq-100, GM said, and 24/7 Wall St. tied Tuesday’s rise to that possibility, though Fox Business noted that inclusion is not guaranteed.
The Nasdaq-100 tracks 100 of the largest non-financial companies listed on the Nasdaq, according to Fox Business, and funds that track it would have to buy GM’s shares if it gets in, TipRanks and 24/7 Wall St. said. Traders were buying ahead of that possible demand, which is a bet on a decision the index’s rules, not GM, will make.
What the market is telling us
General Motors’ shares moved 5% or more on 8 of the last 252 sessions. The last move at least this big in the same direction was on 27 January 2026, when the stock rose 8.8%. The stock is down 1.0% this year, and at $80.54 it sits 10.8% below its 52-week closing high of $90.30 from 28 July 2026. $1,000 invested in General Motors five years ago would be worth $1,484 today.
Our view: a new exchange adds no profit, so this gain rests on GM actually winning a Nasdaq-100 seat; if it doesn’t, we’d expect much of Tuesday’s move to fade.
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Mostly Markets is for information and education only and isn't investment advice. Claire Okafor is a pen name. Prices are from Nasdaq and CNBC as of the time stated.
