Alpha Metallurgical Resources Director Kenneth S. Courtis Buys $2.9 Million Worth of Shares
Kenneth S. Courtis, a director at Alpha Metallurgical Resources (NYSE: AMR), purchased 15,000 shares for approximately $2.9 million on August 20, 2026, according to an SEC Form 4 filing. The transaction increased his direct holdings in the company to over one million shares, signaling a long-term commitment to Alpha Metallurgical Resources. The purchase was made at a weighted average price of $193.50 per share, slightly below the previous day's closing price of $194.42. The stock closed at $194.30 on August 20 after the transaction. Alpha Metallurgical Resources operates in the metallurgical coal sector and has a market capitalization of approximately $2.5 billion as of that date, despite reporting a net loss over its trailing twelve months. The company's recent performance includes a one-year total return of 39%, even amid financial losses. The insider purchase may be interpreted by investors as confidence in the firm’s future stock price and long-term value.
Tickers: $AMR
Topics: corporate governance executive activity stock ownership