Kenneth S. Courtis, a director at Alpha Metallurgical Resources Inc. (NYSE: AMR), acquired 15,000 shares of the company’s common stock on August 21, 2026, totaling approximately $3.16 million. The purchases were executed across three blocks at weighted average prices ranging from $209.03 to $211.09 per share. Courtis’s total direct beneficial ownership in the company now stands at 1,015,394 shares.
The transactions followed a 24% surge in Alpha Metallurgical’s stock over the prior week, which outpaced broader market gains. The company’s shares were trading at $209.93 at the time of the purchases, according to market data.
The director’s buying activity comes amid a challenging quarter for Alpha Metallurgical. The company reported a second-quarter loss of $0.96 per share, well below Wall Street’s forecast of $0.32 per share, and revenue of $492.86 million, missing expectations of $577.23 million. Management cited storm damage to a key terminal, weaker metallurgical coal pricing, and elevated fuel and supply costs as contributing factors to the underperformance.
InvestingPro analysis noted that company insiders have been actively buying back shares in recent months. Separate valuation metrics suggest the stock may be trading below its estimated fair value, though no specific target was provided.
