Alpha Metallurgical Resources director Kenneth Courtis buys $2.9m stock

Kenneth S. Courtis, a director at Alpha Metallurgical Resources (AMR), acquired approximately $2.9 million worth of the company's common stock on August 20, 2026. This followed a surge in AMR shares, which had increased by 17% over the previous week, trading at $194.30 per share. According to InvestingPro analysis, the stock appeared to be undervalued at the time of purchase.

Mr. Courtis bought a total of 15,000 shares through multiple transactions, with prices ranging from $189.84 to $194.48 per share. These purchases were made in several transactions: 333 shares at a weighted average price of $189.84, 943 shares at $190.77, 1,151 shares at $192.09, 1,234 shares at $192.80, 5,976 shares at $193.68, and 5,363 shares at $194.48.

This director's purchase gained additional significance as AMR has been actively buying back shares. After making these transactions, Mr. Courtis now directly owns 1,000,394 shares of Alpha Metallurgical Resources common stock. Meanwhile, the company reported a significant second-quarter miss, with a loss of $0.96 per share on revenue of $492.86 million, far below Wall Street's expectations.

Challenges such as a storm-damaged terminal, weakened metallurgical coal pricing, and increased fuel and supply costs contributed to the disappointing results. Investors and analysts are now closely monitoring these factors as they assess the company's future prospects. This report was generated with the assistance of AI and has been reviewed by an editor.