Interactive Data Corp., a provider of financial market data, said Friday its board is looking into "strategic alternatives" for the company.

Such alternatives can mean a sale of the company, but IDC did not say what the outcome or timing of the board's review might be.

Interactive Data is majority owned by London-based Pearson PLC, which publishes Penguin books, the Financial Times and The Economist periodicals, and education materials.

IDC's shares rose $3.11, or 12 percent, to $28.58 in morning trading. Earlier the stock set a 52-week high of $29.97 following the announcement.