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NEW YORK ( TheStreet) -- IAC/InterActiveCorp (Nasdaq: IACI) hit a new 52-week high Wednesday as it is currently trading at $51.47, above its previous 52-week high of $51.05 with 171,529 shares traded as of 9:40 a.m. ET. Average volume has been 980,600 shares over the past 30 days. IAC/InterActiveCorp has a market cap of $3.77 billion and is part of the services sector and retail industry. Shares are up 14.4% year to date as of the close of trading on Tuesday. IAC/InterActiveCorp engages in the Internet business in the United States and internationally. The company has a P/E ratio of 25.5, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.