General Motors Moves Stock to Nasdaq in Tech Shift

General Motors wants Wall Street to see it as a technology company. The Detroit carmaker is packing up its stock. It plans to leave the New York Stock Exchange and move to the Nasdaq.

The switch happens later this month. GM keeps its famous ticker symbol, GM. Nasdaq hosts giant tech companies like Apple and Microsoft. GM hopes this new home highlights its push into electric cars and smart software.

This shift gives GM a chance to join the Nasdaq-100 index. Large investment funds track that list. If GM joins that group, those funds must buy GM shares. That can lift demand for the stock.

Your GM shares stay safe in your account. You will trade them on the new exchange without doing any extra work. This move shows how classic car makers must evolve to win tomorrow.

Source: Fox Business