NASDAQ Stocks Hitting 52-Week Highs (ORCH, SIFY, ODFL, LCAPA)

Orchid Cellmark Inc ORCH shares jumped 38.06% to create a new 52-week high of $2.778. Laboratory Corporation of America LH announced its plans to acquire ORCH for $85.4 million or $2.80 per share, representing a 40% premium over ORCH's closing price of $2 per share on Tuesday. Sify Technologies Limited SIFY shares gained 5.94% to touch a new 52-week high of $4.28. SIFY shares have surged 137.65% over the past 52 weeks, while the S&P 500 index has gained 12.70% in the same period. Old Dominion Freight Line Inc ODFL shares rose 1.14% to create a new 52-week high of $36.30. ODFL's PEG ratio is 0.87. Liberty Media Corporation LCAPA shares gained 3.43% to create a new 52-week high of $76.89. LCAPA's trailing-twelve-month profit margin is 115.11%. Read more from Benzinga's Markets.