General Motors Co. announced that it will transfer its stock listing from the New York Stock Exchange (NYSE) to the Nasdaq market on November 17. The automaker will retain its “GM” ticker symbol, and the company says shareholders do not need to take any action because of the move.
The change will be effected through a standard transfer process, allowing GM shares to begin trading on Nasdaq on the specified date. The company emphasized that the switch will not affect the number of shares outstanding, dividend policies, or any existing shareholder rights.
GM, one of the United States’ largest automobile manufacturers, has been listed on the NYSE for decades. Nasdaq, an electronic exchange known for its technology‑focused listings, also hosts many large‑cap companies across various sectors.
By keeping the “GM” ticker, the company aims to provide continuity for investors and market participants. No additional paperwork or approvals are required from individual shareholders, and brokerage accounts will automatically reflect the new exchange venue.
The transition is part of a broader trend of firms moving to Nasdaq for operational or strategic reasons, but GM’s filing indicates that the shift is expected to be seamless and without disruption to trading activity.
<small>Source: CNBC — read the original story there.</small>