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NEW YORK ( TheStreet) -- Costco Wholesale Corporation (Nasdaq: COST) hit a new 52-week high Thursday as it is currently trading at $115.85, above its previous 52-week high of $115.77 with 1.2 million shares traded as of 3:46 p.m. ET. Average volume has been 1.8 million shares over the past 30 days. Costco Wholesale has a market cap of $49.5 billion and is part of the services sector and retail industry. Shares are up 14.8% year to date as of the close of trading on Wednesday. Costco Wholesale Corporation engages in the operation of membership warehouses. The company offers branded and private-label products in a range of merchandise categories.