Why Centennial Resource Development Stock Slumped 11.5% in July

Market volatility was the sole factor as undulating oil prices tossed the oil stock around quite a bit last month. It then jumped a couple more times along with other oil stocks on higher oil prices, only to give back those gains, and then some, over the final several trading days of the month as crude prices faded a bit heading into August. One reason Centennial Resource has been so volatile is that the market has concerns about its survival if oil prices don't meaningfully improve.