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NEW YORK ( TheStreet) -- Ariba (Nasdaq: ARBA) hit a new 52-week high Tuesday as it is currently trading at $44.83, above its previous 52-week high of $40.45 with 3.4 million shares traded as of 3:20 p.m. ET. Average volume has been 985,100 shares over the past 30 days. Ariba has a market cap of $3.62 billion and is part of the technology sector and internet industry. Shares are up 28.6% year to date as of the close of trading on Monday. Ariba, Inc., together with its subsidiaries, provides collaborative business commerce solutions for buying and selling goods and services in the United States and internationally.