NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Monday's session. BioForm Medical ( BFRM) surged by $2.07, or 60.9%, to $5.47 in the premarket session after the company said it has agreed to be acquired by privately held Merz Pharma of Frankfurt for $5.45 a share in cash, of a total of $253 million. Premarket share volume was nearly 2 million, compared to the 50-day average daily volume of 75,000 shares. Kandi Technologies ( KNDI) jumped by 66 cents, or 15%, to $5.06 in the premarket session after the company said it has formed a strategic alliance with a joint venture of China National Offshore Oil Corporation ( CEO) and China Potevio, as well as Tianneng Power International, aimed at speeding up the commercialization and achieving mass adoption of Pure Electronic Vehicles in China. The 50-day average daily volume for Kandi is 286,000. Digital Ally ( DGLY) rose by 36 cents, or 17.6%, to $2.41 in the premarket session after the company said fourth-quarter revenue jumped 37% to $9.2 million, exceeding the lone analyst target of $9 million. Digital Ally added that it returned to net profitability in the third quarter and expects to report a further improvement in fourth-quarter earnings. The 50-day average daily volume for Digital Ally is 85,000. Magal Security ( MAGS) gained 42 cents, or 11.4%, to $4.10 in the premarket session after the company late Thursday said in a regulatory filing that through the first six months of 2009, revenue fell 12.7% from a year ago to $21.9 million while its net loss fell to $2.1 million from $5.1 million a year earlier. The 50-day average daily volume for is 9,400.