(Updated with additional information and stock price movement.)
NEW YORK (
) -- A wealth of healthy buying in recent weeks led a variety of blue chips to hit fresh 52-week highs on Monday, including technology darling
and Dow Jones industrial average components
Jim Cramer told the viewers of his
TV show last week the
tells us everything we need to know about the market, though it's not the number of companies hitting 52-week highs that's important, it's the number of industries represented on the list.
He explained that just a month ago, there were only three industries on the list, and they represented people's fears of the market. But today, there's an astounding 25 different industries rpresented, a diverse swath of our economy.
Ranked by volume, the most heavily-traded stock to hit a fresh 52-week high Monday was
L-1 Identity Solutions
( ID), holding steady in afternoon trading around $11.65.
L-1 Identity, a maker of high-tech recognition and security systems, agreed to be acquired by France's
for $12 a share, or $1.6 billion including debt.
rose as high as $6.31 in trading Monday.
Shares of Apple rose to a fresh 52-week high of $283.78 on Monday.
The stock's push higher was thanks to an
analyst report from Kaufman Bros. that suggested strong iPad sales could lift Apple's quarterly results above Wall Street's current expectations. Analyst Shaw Wu raised his price target on Apple shares to $374, from $350.
Shares of data warehouse provider
( NZ) soared more than 16% to an annual high of $28.59.
, the Beijing-based Chinese language Internet search engine, rose to $90 on Monday.
shares pushed up to $27.87 on Monday. Along with
, Bristol-Myers announced progress made in a double blind Phase 3 clinical study of diabetes investigational drug dapagliflozin.
American depositary receipts of Chinese solar company
JA Solar Holdings
gained to $7.53 on Monday. JA Solar was among the top five producers of solar cell manufacturers in the second quarter.
Dow component Caterpillar pushed up to a 52-week high of $74.80. The economic bellwether said early Monday it won a long-term Department of Defense contract to provide wheeled tractor scrapers for $641.2 million.
Internet travel booking form
hit a new 52-week high of $28.96 on Monday, despite its stock receiving a downgrade by Susquehanna from positive to neutral."
Shares of cigarette maker
Philip Morris International
rose to a new 52-week high of $56.23.
hit an annual share price of high of $31.62.
( INET) saw its shares skyrocket more than 44% to $13.40 on Monday. The internet media company agreed to be acquired by an affiliate of
Hellman & Friedman Capital Partners VI
for around $640 million, or $13.35 in cash for each outstanding share.
saw its share price gain to $44.79 on Monday.
The chemical maker said Monday it and
signed a settlement agreement to resolve three existing lawsuits between the companies.
pushed its annual share price high to $38.27 on Monday. The share price jump came after an analyst speculated that the data storage company could be a takeover candidate.
"We consider Teradata a logical potential target as well; a bigger vendor with more of a services component but also one with successful data warehouse appliance offerings," noted Roth Capital Partners analyst Nathan Schneiderman.
gained to $151.95 on Monday. The firm's Amazon Web Services, along with billionaire Larry Ellison-run
, announced that a wide selection of Oracle enterprise software has been certified to run on the Amazon Elastic Compute Cloud (Amazon EC2) using Oracle VM virtualization.
, another provider of data storage solutions, saw its share price rise to $49.87 on Monday, a fresh 52-week high.
pushed up to a fresh 52-week high of $7.25 on Monday.
set itself a fresh 52-week high of $16.84. The real estate investment trust is expected to report earnings of 6 cents per share on revenue of $212.6 million for the current quarter.
pushed up to a fresh 52-week high of $18.12 on Monday. Ratings agency
initiated coverage of the Michigan energy company with an issuer rating of BBB-, reflecting the utility's status as a regulated entity, the level of automatic rate adjustment mechanisms the utility operates under, and the recent improvement in Michigan's regulatory environment.
, a provider of interactive program guides and embedded licensing technologies, pushed its annual share price boundary higher to $47.19. The tech firm signed a multi-year agreement to license intellectual property to Apple, according to a filing with the Securities and Exchange Commission.
-- Written by Miriam Marcus Reimer in New York.
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