NEW YORK - The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

Red Hat Inc., up $3.07 to $27.95.

Shares of the low-cost Linux software distributor hit a 12-month high after a jump in subscription revenue boosted quarterly earnings.

AnnTaylor Stores Corp., down 72 cents to $15.56.

A 90 percent jump in shares since late July led Goldman Sachs to downgrade the women's apparel retailer, but she increased estimates.

Hovnanian Enterprises Inc., down 30 cents to $4.17.

Existing home sales unexpectedly dropped in August, and a Citigroup analyst said stock prices for homebuilders are too high.

Rite Aid Corp., down 24 cents to $1.71.

The drugstore operator cut its yearly outlook, saying the poor economy is hurting sales of nonpharmacy products such as food and makeup.

American Greetings Corp., up $4.39 to $19.37.

A gain of $7.6 million from an insurance program helped the greeting card company increase profit nearly tenfold despite a big sales drop.

Nomura Holdings Inc., down $1.17 to $6.49.

U.S.-traded shares of the Japanese brokerage tumbled after it announced plans to sell about 800 million shares, raising up to $5.6 billion.

NASDAQ:

Chelsea Therapeutics International Ltd., down $4.29 to $2.73.

The drug developer's candidate for treating low blood pressure, Droxidopa, failed a late-stage study, and shares hit a 12-month low.

Hercules Offshore Inc., down 94 cents to $5.35.

A sales forecast fell short of Wall Street estimates, and the oil services company said it would sell up to 17.5 million shares, which would dilute current shareholders' stakes.

A service of YellowBrix, Inc.