Lowe's, CIT Group, Charles Schwab Are Big Movers

NEW YORK (AP) — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:

NYSE:

Rosetta Stone Inc., down $7.72 at $20.63

The language education company cut its profit forecast for the year citing higher costs and canceled an offering of 4 million shares.

Lowe's Cos., down $2.36 at $20.47

Profit and sales both fell during the second quarter at the home improvement chain and it curtailed store expansion plans for 2010.

Aetna Inc., up $1.35 at $29.63

Health insurers jumped, bucking the broader market, after the Obama administration downplayed talk of a public health care option.

CIT Group Inc., down 5 cents at $1.36

After buying back $1 billion in outstanding debt at a discount, the troubled commercial lender is more likely to avoid a bankruptcy filing.

Bank of America Corp., down 83 cents at $16.56

The net charge-off rate, or the portion of credit-card loans the banking giant deems unlikely to be repaid, rose to 13.82 percent in July.

NASDAQ

Charles Schwab Corp., down 87 cents at $17.39

The New York attorney general sued the online brokerage saying it misled customers on the safety of auction-rate securities.

BioSante Pharmaceuticals Inc., up 14 cents at $2.10

The drug developer said its product candidate, BioVant, made avian and swine flu vaccines more effective in animal trials.

Align Technology Inc., up $2.87 at $13

The dental products company paid about $90 million to settle a patent infringement lawsuit regarding its teeth-straightening system.