The recent sale of shares by Kenneth S. Courtis, a director at Alpha Metallurgical Resources, Inc. (NYSE:AMR), has sparked interest among investors and market analysts. Courtis sold over $6.9 million worth of shares on March 14, 2024, at prices ranging from $299.25 to $312.73 per share.
These transactions, part of routine disclosures by company insiders, provide transparency to investors about the company’s internal perspectives. Despite the sales, Courtis still holds a significant number of shares in AMR, indicating his continued interest in the company’s performance.
Alpha Metallurgical Resources, a key player in the coal mining industry, has been actively engaging in share buybacks and maintains a strong financial position with more cash than debt on its balance sheet. Despite recent price volatility, the company has shown strong performance over the past year, with a 110.99% total return.
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