GLG Partners, K-V Pharmaceuticals: Midday Volume Plays

NEW YORK (TheStreet) -- Several stocks trading near $5 were moving on above-average volume during Friday's session.

Plato Learning (TUTR) jumped by 64 cents, or 13%, to $5.55 after the online instruction company said it will be acquired by private-equity firm Thomas Bravo LLC will buy the company for $5.60 per share in a $141 million deal. Volume topped 2.86 million shares, compared to the 50-day average daily volume of 21,000, according to the Nasdaq.

GLG Partners (GLG) rallied by 44 cents, or 16.4%, to $3.12 after a Bloomberg report that U.K. hedge fund manager Man Group has spoken to GLG Partners and SAC Capital Advisors about possible investments, acquisitions and distribution deals in the U.S. Volume topped 5.55 million shares, compared to the three-month average daily volume of 1 million, according to Yahoo! Finance.

K-V Pharmaceuticals (KV-A) jumped by 48 cents, or 17.1%, to $2.33 after the company said in a regulatory filing that it does not expect to generate any "significant revenues" until it resumes shipping certain or many of approved products, "which currently is not expected to occur until the fourth quarter of calendar year 2010 at the earliest." K-V Pharmaceutical said it continues to work with the Food and Drug Administration to return its products to market. Volume topped 1.91 million shares, compared to the three-month average daily volume of 322,000.

Mortgage insurer The PMI Group (PMI) jumped by 40 cents, or 9.6%, to $4.57 after the Obama Administration announced a package of improvements to the Home Affordable Modification Program in order to help some homeowners stave off foreclosure. Volume topped 8.38 million shares, compared to the three-month average daily volume of 4.38 million.

-- Written by Robert Holmes in Boston.

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