Cadiz shares surge 11.73% premarket as Ham Festival drives traffic and digitalization plans.

Cadiz surged 11.73% in premarket trading following positive developments tied to the annual Ham Festival. While the event reportedly incurred a $20,000 loss in 2025, officials highlighted record traffic—over 19,000 vehicles on Jefferson Street alone—and emphasized improved efficiency, including reduced city personnel hours. The city is also advancing plans for digital upgrades, such as online registration and a festival app, which could cut costs and enhance future profitability. These improvements, combined with the festival’s role in boosting local economic activity, likely fueled investor optimism. Other news, including a Spanish bishop’s investigation, a local death, and sports-related updates, were deemed unrelated to the stock’s performance.