Red Hat, AnnTaylor, Nomura Are Among Big Movers

The Associated Press

NEW YORK (AP) — 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.