Alpha Metallurgical Resources Director Kenneth S. Courtis Buys $3.2 Million Worth of Shares
Kenneth S. Courtis, director at Alpha Metallurgical Resources (NYSE: AMR), purchased 15,000 shares for approximately $3.2 million on August 21, 2026, bringing his total direct ownership to around one million shares or roughly 8% of insider-held stock in the company. The transaction was executed through three separate tranches at prices ranging from $208.48 to $211.58 per share, with a weighted average price of $210.51. This purchase follows an earlier acquisition by Courtis totaling $2.9 million in shares and signals continued confidence in the company's long-term prospects despite recent financial challenges. Alpha Metallurgical Resources operates 19 active mines across Virginia and West Virginia, producing metallurgical and thermal coal for steel production and power generation. The firm reported a net loss of -$46.1 million over the trailing twelve months but maintains a market capitalization of $2.7 billion.
Tickers: $AMR
Topics: Alpha Metallurgical Resources insider buying stock transactions