Guess which 7 ASX 200 shares are smashing new 52-week highs today

Investors are sending these seven stocks soaring to new one-year highs today.

A piggy bank on the cloud in the blue sky symbolising a record high share price.

Image source: Getty Images

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Seven S&P/ASX 200 Index (ASX: XJO) shares are leaping to 52-week highs today.

Yep, seven!

Their strong performance is helping lift the benchmark index 0.3% in early afternoon trade.

Any guesses?

Keep those in mind and read on.

ASX 200 shares charging to 52-week highs or more

The first ASX 200 share reaching new 52-week highs on Wednesday is Technology One Ltd (ASX: TNE).

The Technology One share price is up 6.3% at $17.80 a share. That's not just a new 52-week high for this tech stock but would also mark a new all-time closing high.

Technology One shares closed up 4.6% yesterday after the company reported some strong half-year results. Those included a 16% year on year increase in profit after tax to $48 million.

The second ASX 200 share hitting fresh one-year highs is Webjet Ltd (ASX: WEB).

The Webjet share price is up 9.1% at $9.21 a share. That represents a new post-pandemic high.

Webjet shares are soaring today following the company's full year results. Highlights included a 29% year on year revenue boost to $472 million. Webjet also announced a potential demerger of its two travel divisions, which would each be listed separately on the ASX.

The third ASX 200 share hitting new 52-week highs today is Emerald Resources (ASX: EMR).

The Emerald Resources share price is up 1.6% at $3.94 a share. This also marks a new all-time high for the gold mining stock, which is now up 103% over 12 months.

With no recent price sensitive news out from the company, the share price looks to be benefiting from the soaring gold price.

The fourth ASX 200 share reaching new 52-weel highs today is A2 Milk Co Ltd (ASX: A2M). A2 Milk shares are up 1.9% trading for $6.92 apiece.

That sees the A2 Milk share price up 63% in 2024.

There's no recent news out from the company. Investor excitement was roused by management's forecast of low to mid-single digit revenue growth for FY 2024 when the company released its half-year results in February.

The fifth ASX 200 share notching fresh 52-week highs today is Telix Pharmaceuticals Ltd (ASX: TLX).

The Telix Pharmaceuticals share price is up 6.2% at $16.34 a share. That's also a new all-time high for the ASX healthcare stock. Investors have been buying the stock amid a series of strategic acquisitions and rising revenues.

Shares are getting a boost today on the back of the company's AGM.

Which brings us to the sixth ASX 200 share hitting new 52-week highs on Wednesday, Alumina Ltd (ASX: AWC).

The Alumina share price is up 5.0% at $1.83 a share, the highest level in two years.

Investor enthusiasm was kindled yesterday when the company released an update on Alcoa's proposed acquisition of all of its shares.

Rounding off the list, the seventh ASX 200 share smashing new 52-week highs today is CSR Ltd (ASX: CSR).

Shares in the building products company are up 0.3%, trading for $8.93 apiece. If CSR shares can hold onto this slender gain by market close this will also mark a new five-year high.

CSR is also an acquisition target. The company provided its last update on the proposed acquisition by Saint-Gobain for $9.00 a share in cash a week ago, on 15 May.

So, did you guess all seven ASX 200 shares hitting new 52-week highs or more?

Give yourself a virtual gold star!

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Technology One and Telix Pharmaceuticals. The Motley Fool Australia has recommended A2 Milk, Technology One, and Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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