NASDAQ Stocks Hitting 52-Week Highs (TZOO, PENN, MNEL, IACI)

Travelzoo Inc TZOO shares rose 21.29% to create a new 52-week high of $89.60. TZOO reported a 30% year-over-year surge in its Q1 revenue. Penn National Gaming Inc PENN shares gained 7.10% to create a new 52-week high of $39.99. PENN reported upbeat Q1 earnings and raised 2011 profit projections. Mission NewEnergy Limited MNEL shares gained 5.45% to create a new 52-week high of $8.51. MNEL priced its initial public offering at $9 per share. IAC/InterActiveCorp IACI shares surged 0.94% to create a new 52-week high of $32.19. IACI's trailing-twelve-month revenue is $1.64 billion. Read more from Benzinga's Markets.