BUZZ-General Motors shares rise after announcing switch of exchange listing to Nasdaq

October 27 - ** Automaker General Motors (GM.N) shares rose 2.4% in pre-market trading to $78.13, after the company announced it will move its listing from the New York Stock Exchange to Nasdaq (link)

** Chief Financial Officer Paul Jacobson stated that as the company evolves, Nasdaq is the “natural home” for its listing (link)

** General Motors shares will begin trading on Nasdaq on November 17 under the ticker GM

** According to LSEG data, 22 out of 27 analysts rate General Motors as “strong buy” or “buy,” while 5 recommend “hold”; the median target price is $99

** As of the close on Monday, the stock was down about 6% year-to-date, while the S&P 500 index rose 12% over the same period .SPX

** Last week, hotel operator Hilton HLT.N announced plans to transfer its listing (link) from the New York Stock Exchange (NYSE) to Nasdaq

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