NEW YORK ( TheStreet) -- Time Warner (NYSE: TWX) hit a new 52-week high Thursday as it is currently trading at $62.01, above its previous 52-week high of $61.73 with 511,479 shares traded as of 10 a.m. ET. Average volume has been 5.3 million shares over the past 30 days. Time Warner has a market cap of $57.12 billion and is part of the services sector and media industry. Shares are up 27.6% year to date as of the close of trading on Wednesday. Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in three segments: Networks, Film and TV Entertainment, and Publishing. The Networks segment consists of Turner Broadcasting System, Inc. and Home Box Office, Inc.