Closing Bell: Utz Soars, GM Rises, Charles Schwab Drops

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Tim Stenovec- Utz Brands (UTZ) agreed to be taken private in a $2.9 billion deal with Intersnack Group GmbH, giving the European snacking powerhouse its first foothold in the US market. Intersnack will acquire all of Utz’s Class A shares for $14.25 each, a premium of about 91% from the July 20 closing price. Entities controlled by the Rice and Lissette families will retain half of Utz, with Intersnack holding the other half. Utz shares rose 90% on Tuesday to trade near the offer price. The stock had tumbled over the past couple years amid concerns about pricing and waning demand in the salty snack category. The shares were trading above $14 a year ago.- General Motors (GM) shares rise 3.5% after the automaker reported second-quarter profit that topped analysts’ estimates and boosted 2026 guidance. The Detroit automaker said Tuesday it now expects its earnings before interest and taxes of as much as $16 billion this year. The upgraded projections came after GM said it made $3.57 a share, exceeding Wall Street analysts’ consensus forecast of $3.19, after buying back more shares.- Charles Schwab (SCHW) reported earnings that topped estimates as retail investors continued to jump in and out of the market amid volatility sparked by geopolitical uncertainty. Schwab reported a record daily average revenue trades and trading revenue also rose, with Chief Financial Officer Mike Verdeschi saying strong client engagement helped drive year-over-year revenue growth. Shares of the firm were down 2.2% at 3:13 p.m. in New York. They’ve gained 0.4% this year.See omnystudio.com/listener for privacy information.