Hauppauge Digital, Inc. (Nasdaq: HAUP) advanced as much as 55 percent from Wednesday’s closing price on Thursday, after the maker of TV tuners for PCs, unveiled new devices for streaming live television over laptops and Apple Inc’s iPad and iPhone. This new stand alone “box” from Hauppauge’s PCTV Systems division, called Broadway, allows live TV to be watched on an Apple device in the home through a WiFi connection, or anywhere in the world via an Internet connection. One of the key technologies within Broadway is a high-quality, high definition H.264 video compressor, which can take TV programs from clear QAM digital cable TV or ATSC over-the-air TV and “shrink” these programs into a form which can be displayed on an Apple device.

Shares of medical products maker, NMT Medical, Inc. (Nasdaq: NMTI) were up as much as 57 percent from Wednesday’s close after the company announced a new $2 million credit facility with LSQ Funding Group, L.C., a Florida-based firm that specializes in providing financing to small- and medium-sized businesses. NMT Medical is an advanced medical technology company that designs, develops, manufactures and markets proprietary implant technologies that allow interventional cardiologists to treat structural heart disease through minimally invasive, catheter-based procedures.

Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) shares soared as much as 36 percent on Thursday on the news that the company would commence development of a tablet version of its drug for type-2 diabetes. Lexicon reported that the drug, LX4211, had presented promising data in a mid-stage study, it would begin another mid-stage study in Q2 2011. Lexicon reported that a double dose of the 150 milligram tablet form of the drug quickly lowered blood sugar levels in patients compared to studies using a lower dosage liquid form of the drug. Shares of LXRX are up about 28 percent in the past three months.

Independent Bank Corporation (Nasdaq: IBCP) traded up as much as 50 percent on nearly 10x the company’s average three-month volume on Thursday. Shares climbed as high as $2.44, up from Wednesday’s closing price of $1.62. IBCP reported a net loss to common shareholders of $15.9 million during the first three quarters of 2010, or $3.71 a share, better than a net loss of $45.3 million, or $19.02 a share, a year earlier. The shares underwent a reverse 10 to 1 split in August. Total assets were $2.7 billion as of September 30. The company owes $72 million in TARP money and has deferred its last three dividend payments on preferred shares held by the government, according to TheStreet.com.

Our final big mover under $5 today is Solar Power, Inc. (OTCBB: SOPW). Shares climbed as high as $0.62 on Thursday, up 67 percent from Wednesday’s closing price of $0.37 per share. Volume was nearly 30-times the company’s average three month volume. Shares soared on Thursday after it was announced that Chinese solar company, LDK Solar Co. Ltd. (NYSE: LDK) agreed to acquire a 70 percent interest in Solar Power Inc. for about $33 million. LDK will also purchase certain components of Solar Power’s manufacturing equipment, and will assume control of its module manufacturing facility in Shenzhen, China. Shares of SOPW are up about 140 percent over the past three months.