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NEW YORK ( TheStreet) -- Corrections Corporation of America (NYSE: CXW) hit a new 52-week high Tuesday as it is currently trading at $26.63, above its previous 52-week high of $26.60 with 1.2 million shares traded as of 2 p.m. ET. Average volume has been 776,800 shares over the past 30 days. Corrections Corporation of America has a market cap of $2.33 billion and is part of the services sector and diversified services industry. Shares are up 29.4% year to date as of the close of trading on Monday. Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. The company has a P/E ratio of 16.8, above the average diversified services industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.