Shares of AMR are trading 7% higher today despite broader market pains

Shares of Alpha Metallurgical Resources Inc (AMR) are trading 7% higher at a price of $164.92 at the time of this writing. While the Materials sector is having a mildly gloomy day in general, the company is quickly outperforming it's peers.

The company recently announced an EPS miss, but revenue beat during earnings which may impact the buying. The fact that traders are buying up shares will the rest of the sector sells off is a strong signal of bullishness.

Alpha Metallurgical Resources Inc has been trading between a 52-week high of $186.5 and a 52-week low of $34.16. The stock has a market cap of $2.86 Billion.

Alpha Metallurgical Resources is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry.