AMR stock jumps after hedge fund stake filing — what’s next for Alpha Metallurgical Resources
Alpha Metallurgical Resources shares closed up 4.94% at $242.32 Friday after Crocodile Capital Partners disclosed a $41 million stake as of Dec. 31. Traders focused on met coal prices, which hit $230 a ton on Jan. 9, and awaited Alpha’s next earnings report. Peers Warrior Met Coal and Peabody Energy also gained.
