NEW YORK ( TheStreet) -- Celgene Corporation (Nasdaq: CELG) hit a new 52-week high Tuesday as it is currently trading at $79.15, above its previous 52-week high of $78.83 with 976,570 shares traded as of 12 p.m. ET. Average volume has been 3.4 million shares over the past 30 days. Celgene has a market cap of $32.86 billion and is part of the health care sector and drugs industry. Shares are up 14.7% year to date as of the close of trading on Monday. Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes various therapies to treat cancer and immune-inflammatory related diseases primarily in the United States and Europe. The company has a P/E ratio of 27.2, below the average drugs industry P/E ratio of 31.1 and above the S&P 500 P/E ratio of 17.7.
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