Is Alpha Metallurgical Resources Stock a Buy After a Director Scoops Up Shares Worth $6.7 Million?

Core Insights - Alpha Metallurgical Resources, a significant U.S. coal supplier, experienced a notable insider buy from Board member Kenneth S. Courtis, who purchased 37,000 shares for approximately $6.7 million during a period of declining share prices [1][9]. Transaction Summary - The transaction involved 37,000 shares traded at a total value of about $6.7 million, with a post-transaction direct ownership of 807,537 shares valued at approximately $149.4 million [2]. - The weighted average purchase price was $180.92, aligning with the market close on December 12, 2025 [2]. Insider Activity - Mr. Courtis' purchase increased his direct holdings by 4.80%, marking the highest level of his personal stake in recent times [3]. - This transaction is more than three times his historical median purchase size of 10,621 shares over the past three years, indicating a significant increase in direct ownership [6]. Company Performance - Alpha Metallurgical Resources reported a total revenue of $2,226.36 million and a net income loss of $46.55 million for the trailing twelve months [4]. - The company's stock price as of December 12, 2025, was $180.92, reflecting a 14.57% decline over the past year [6][10]. Market Context - The insider buying occurred during a period when Alpha's shares had previously hit a 52-week low of $97.41 in June and were approaching a high of $213.96 reached in December 2024, suggesting Mr. Courtis is optimistic about the company's future despite current challenges [9]. - The company has faced a downturn, reporting a net loss of $5.5 million in the third quarter compared to a net income of $3.8 million in the prior year, with sales declining from $2.3 billion in 2024 to $1.6 billion in 2025 [10].