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Stock Alert: LAIX Jumps To New 52-week High

Shares of LAIX Inc. (LAIX), a China-based AI company that provides online English learning products and services, are skyrocketing more than 314 percent or $8.05 in Friday's morning trade at $10.61, after hitting a new 52-week high of $11.65 despite no company-centric news.

U.S. stocks are rising on Friday after a report by the Labor Department report showed a modest rebound in employment in the month of January. The markets are also benefiting from more upbeat news on the corporate earnings front as well as news that Johnson & Johnson has applied for an emergency use authorization from the FDA for its single-dose coronavirus vaccine.

LAIX has traded in a range of $1.36 to $11.65 in the past 52 weeks.

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