NASDAQ Stocks Hitting 52-Week Highs (AVNR, MIND, FTNT, MPEL)

Avanir Pharmaceuticals AVNR shares reached $5.07 to create a new 52-week high, before falling to $4.99, representing a 106.20% gain. US FDA has given approval to the company's neurology drug Nuedextra. Mitcham Industries Inc MIND shares gained 1.90% to create a new 52-week high of $8.81. MIND's earnings are likely to surge by 90.91% in the next year. Fortinet Inc FTNT shares jumped 20.20% to create a new 52-week high of $36.06. According to the Bloomberg, FTNT received a takeover approach from International Business Machines Corp IBM. Melco Crown Entertainment Limited MPEL shares gained 3.19% to create a new 52-week high of $6.47. MPEL is scheduled to report its Q3 earnings on November 2. Read more from Benzinga's Markets.