Michael Gorzynski, a director and 10% owner of Alpha Metallurgical Resources, Inc. (NASDAQ: AMR), purchased 10,000 common shares on August 21, 2026, for a total of approximately $2.09 million. The transaction was disclosed in a regulatory filing published on August 25, 2026.
The shares were acquired at a price of $208.9169 per share, according to the filing. Alpha Metallurgical’s stock has risen nearly 24% over the past week, closing at $214.25 on August 22, 2026. Prior to the transaction, Gorzynski’s direct holdings included 5,713 shares, with additional shares held indirectly through entities including Continental General Insurance Company, Percy Rockdale LLC, and MG Capital Management, Ltd.
Gorzynski serves as manager of Continental General Holdings LLC, sole manager of Percy Rockdale LLC, and sole director of MG Capital Management, Ltd. Collectively, these entities and Gorzynski’s direct and indirect holdings represent a beneficial ownership stake exceeding 10% of Alpha Metallurgical’s outstanding common stock.
The insider purchase follows the company’s weaker-than-expected second-quarter 2026 financial results. Alpha Metallurgical reported a loss of $0.96 per share, missing Wall Street estimates of a $0.32 profit, and revenue of $492.86 million, below the projected $577.23 million. The company cited storm damage at a port terminal, declining metallurgical coal prices, and higher fuel and input costs as contributing factors to its financial performance.
