Why Centennial Resource Development Stock Jumped 7% at the Open Today
At the open of trading on March 26, shares of U.S. energy driller Centennial Resource Development (NASDAQ: CDEV) rose 7%. The direct reason for the stock price moves here is that oil prices have been bobbing up and down in recent days. As an exploration and production company, oil price volatility logically has an impact on Centennial Resource Development's share price.