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NEW YORK ( TheStreet) -- Staples (Nasdaq: SPLS) hit a new 52-week high Thursday as it is currently trading at $16.79, above its previous 52-week high of $16.76 with 3.7 million shares traded as of 1:56 p.m. ET. Average volume has been 8.4 million shares over the past 30 days. Staples has a market cap of $10.96 billion and is part of the services sector and specialty retail industry. Shares are up 44.8% year to date as of the close of trading on Wednesday. Staples, Inc., together with its subsidiaries, operates as an office products company. It operates in three segments: North American Stores & Online, North American Commercial, and International Operations.