NEW YORK (TheStreet) -- Playboy Enterprises (PLA) was one of several stocks trading near $5 poised to move on above-average volume Monday after the company said it had received a going-private offer.


said that Hugh Hefner has offered to acquire all of the outstanding shares of Class A and Class B common stock he does not currently own for $5.50 per share in cash. Hefner owns 69.5% of Playboy's Class A common stock and 27.7% of its Class B common stock. In his proposal letter, Hefner expresses concern over the editorial direction of the magazine and Playboy's legacy, saying he was not interested in a sale or merger of Playboy.

Hefner's going-private offer comes months after buyout talks between Playboy and

Iconix Brand

(ICON) - Get Report

dissolved. Late last month, Playboy said it is downsizing its organizational structure and expects to record a restructuring charge of approximately $3 million in the second quarter as a result. The company did not disclose how many jobs were being cut.

Shares of Playboy surged by $1.28, or 32.5%, to $5.22 in the premarket session. The three-month average daily volume for Playboy is 166,000, according to Yahoo! Finance.


Tuesday Morning

(TUES) - Get Report

jumped by 44 cents, or 10.2%, to $4.75 in the premarket session after the company preannounced fourth-quarter results, saying it expects earnings of 2 cents to 4 cents a share. That compares to a single analyst estimate for a profit of a penny a share. The 50-day average daily volume for Tuesday Morning is 649,000, according to the



-- Written by Robert Holmes in Boston


Check out all of Monday's high-volume, under-$5 stocks at the Dollar Store. View the Dollar Store portfolio on StockPickr.

Follow Robert Holmes on


and become a fan of on