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NEW YORK (TheStreet) -- Apple (AAPL) soared Monday, hitting a record high as investors apparently were pleased to hear the iconic car maker may be building an electric car. Security vendor CyberArk Software (CYBR) tanked following a downgrade by a J.P. Morgan analyst. That downgrade had a rippling effect, bringing down FireEye (FEYE)  as well.

Apple jumped 2.7% to close at $133, on a day when the broader markets were mixed.

Driving Apple higher were persistent rumors the computer maker was considering building an electric car, a report in Investors Business Daily noted. If Apple does venture down that path, it would put it in greater competition with Google (GOOGL) , which developed a cutting-edge driverless car. It's unclear at this point what features Apple may be considering for its car.

Other issues investors also apparently liked included Apple's announcement it would invest approximately $1.9 billion to build two data centers in Europe, as well as expectations the company will begin selling its Apple Watch on April 10, the Investors Business Daily report stated.

CyberArk plunged 17% to end the day at $58.42.

The software security vendor took a beating after a J.P. Morgan analyst downgraded the stock to underweight. The analyst noted:

Closing at just over $70, the stock is trading at roughly 9.7x our best upside scenario for 2016 revenue that we is not that we think the company cannot reach these estimates, but rather this level of upside appears to already be factored into the stock at these levels.

CyberArk has been on a tear since Feb. 9, when it closed at $36.09. Its shares have soared 95.3% between that time and Friday, when it touched a new 52-week high of $70.48. 

FireEye fell 6.1% to close at $43.35.

Other security vendors also took a hit following the J.P. Morgan analyst report including rivals Palo Alto Networks (PANW) , which dropped 2.4% to finish the day at $138.20, and Vasco Data Securityundefined , which fell 5.2% to close at $26.16.

Apparently, the J.P. Morgan report gave investors pause regarding the security software sector, which has been on a roll since earlier this month when antivirus vendor Kaspersky Lab uncovered a security breach that it believes affected more than 100 banks worldwide. Kaspersky said more than $1 billion has been slowly taken from these banks, making it the world's largest banking hack.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.