GM gains after announcing exchange listing transfer to Nasdaq
Yesterday 11:23
BUZZ-GM gains after announcing exchange listing transfer to Nasdaq ** Automaker General Motors' GM.N shares up 2.4% to $78.13 before the bell after announcing listing transfer from the New York Stock Exchange to Nasdaq
** CFO Paul Jacobson says GM's technology-driven strategy makes the Nasdaq a "natural home" for its listing as the company grows
** General Motors stock set to begin trading on Nasdaq under the GM ticker on Nov 17
** 22 of 27 analysts rate GM "strong buy" or "buy", 5 "hold"; median PT $99, per LSEG data
** At Mon close, stock down ~6% YTD vs 12% rise in S&P 500 .SPX
** Last week, hotel operator Hilton HLT.N said it plans to move its listing to Nasdaq from NYSE
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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