AEye Inc. shares were up 39% to $10 in heavier-than-average trade.
Volume for the stock was 7.3 million shares at 1:45 p.m. ET, compared with the 65-day average volume of 322,000 shares. The stock hit its 52-week low of $7 on Wednesday, when it closed down 6%.
On Tuesday, AEye said it was opening a South Korea office to support its business in the automotive, mobility and industrial markets in East Asia. The company also named Sung-Ho Kim as country manager of the new South Korea office.