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Byline: DAVID SAITO-CHUNG
The Nasdaq eked out a 0.1% gain in quiet range-bound trade Friday. The composite rolled ahead 3.9% for the week, its biggest weekly gain in two months. It rose 3.5% in May, ending a three-month selling streak.
Like stocks on the NYSE, many consumer-oriented names rose on better-than-average turnover.
Travelzoo surged 1.82 to an all-time closing high of 22.56 on nearly four times average volume. The New York-based online publisher of promotions from travel companies has gained 126% since breaking past the 10 barrier on April 30 in heavy trade. Its 93 Earnings Per Share Rating reflects strong earnings growth in 2002 and 2003. Last week, Travelzoo officials said they weren't aware of a possible third party seeking to acquire a significant stake. The stock has a float of just 5 million shares and 19 million outstanding.
Starbucks broke past 40, rising 58 cents to 40.60 on volume about 43% higher than normal. It was up as high as 41.75 intraday. The stock had failed to break through the 40 level three times since late February. The world's leading coffeehouse chain has accelerated its ...