BUZZ-General Motors shares rise after announcing transfer of 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 (link) that as the company's business evolves, General Motors' tech-driven strategy makes listing on Nasdaq a "natural choice"

** General Motors shares will begin trading on Nasdaq starting November 17, with GM as the stock ticker

** According to data from London Stock Exchange Group (LSEG), 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 Monday's closing, the stock is down approximately 6% year-to-date, while the S&P 500 index has risen 12% over the same period .SPX

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

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