Laix Inc soars on Reddit, Twitter hype

BTC Digital

08/02/2021 11:56

** Shares of artificial intelligence co  LAIX.N  jump 53% to
$6.27 before the bell; set for fifth straight winning session if
gains hold
    ** LAIX is also top NYSE gainer premarket
    ** Stock stacked record gains in nearly two years in
previous session (Friday), rose as much as 355% to $11.65 
    ** Co is among the stocks being touted on Twitter, Reddit
 urn:newsml:reuters.com:*:nL1N2KB25C
    ** Separately, shares of Chinese educational companies such
as Meten Edtechx Education Group Ltd  METX.O  and Sunlands
Technology Group  STG.N  also rise 12.8% and 9.8% respectively,
premarket
    ** As of last close, LAIX fell ~69% in 2020, and up 169% YTD
    

 (Reporting by Eva Mathews in Bengaluru)
 ((eva.mathews@thomsonreuters.com))