In the early trading hours of Wednesday, stock futures dipped slightly as the Nasdaq Composite experienced its worst session since October. Several notable stocks made significant moves on January 3, 2024.

PGT Innovations (NYSE: PGTI) saw its shares rise over 5% after receiving an unsolicited proposal from Miter Brands. Miter Brands suggested acquiring all outstanding shares of the windows and doors company for $41.50 per share in cash, giving an equity value of approximately $2.37 billion. This development comes after PGT had previously agreed to be acquired by Masonite International for $33.50 in cash and $7.50 in stock. In response to Miter Brands' proposal, PGT announced that it will assess the offer to determine if it can lead to a superior proposal.

SoFi Technologies (NASDAQ: SOFI) witnessed a decline of over 4% as Keefe Bruyette downgraded the company from Market Perform to Underperform. Additionally, the financial technology company's price target was lowered from $7.50 to $6.50.

Cryptocurrency-related equities experienced a downturn on January 3rd, coinciding with a significant drop of more than 6% in Bitcoin (BTC-USD). Hive Digital Technologies (NASDAQ: HIVE) declined by 7%, Cipher Mining (NASDAQ: CIFR) by 4.6%, TeraWulf (NASDAQ: WULF) by 7%, Hut 8 Mining (NASDAQ: HUT) by 8%, Riot Platforms (NASDAQ: RIOT) by 7%, Bitfarms (NASDAQ: BITF) by 5%, CleanSpark (NASDAQ: CLSK) by 9%, Marathon Digital (NASDAQ: MARA) by 8%, and MicroStrategy (NASDAQ: MSTR) by 6%.

These movements in the stock market reflect the volatility and ever-changing landscape of the financial industry. Investors and market analysts will continue to monitor these stocks closely to gauge their future performance and potential impact in the market.

As the day progresses, it remains to be seen how the overall market will respond and whether these stocks will experience further fluctuations.