General Motors shifts its share listing to Nasdaq, opening a path to Nasdaq-100

what happened

General Motors plans to switch its share listing from the New York Stock Exchange to the Nasdaq Global Select Market, which would make the automaker a candidate for the Nasdaq-100. According to GuruFocus, NYSE trading runs through the close on November 16, and the shares are expected to begin trading on Nasdaq on November 17 under the same GM ticker. Shares rose 2.74% before the regular session opened.

Chief Financial Officer Paul Jacobson said the company's customer-focused and technology-driven strategy makes Nasdaq a natural home for its listing as it grows. The announcement follows third-quarter results released a week earlier, with revenue of $50.0 billion and adjusted EBIT of $4.1 billion. GM narrowed its 2026 adjusted EBIT guidance to $14.5-15.5 billion from $14.0-16.0 billion, lifted its adjusted automotive free cash flow outlook to $11.5-12.5 billion, and approved a new multi-year share repurchase authorization worth $20 billion.

why it matters

Inclusion in a major index often brings demand from funds that track its constituents, which is why investors are watching the exchange switch closely. The higher cash flow outlook and new buyback add a second reason the stock is in focus.

market impact

GM shares: possible Nasdaq-100 inclusion may draw index-tracking funds, a supportive factor for the stock

• ▲GM shares pressure up — premarket gain on the listing move and possible Nasdaq-100 inclusion

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