{"scope": "industry", "title": "Luxury Goods", "sector": "Consumer Cyclical", "industry": "Luxury Goods", "intelligence": {"score": 32, "label": "Concentrated distribution", "tone": "negative", "stance": "Review exposure and filing context", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 70, "confidence_label": "Well supported", "filings": 146, "companies": 6, "insiders": 53, "signal_events": 44, "acquisition_events": 4, "disposal_events": 40, "acquisition_share": 9.1, "disposal_share": 90.9, "acquisition_value": 3772564.66, "disposal_value": 17858965.6726, "net_value": -14086401.0126, "acquisition_value_label": "$3.8M", "disposal_value_label": "$17.9M", "net_value_label": "-$14.1M", "data_quality": 32, "priced_common_share": 32, "latest_date": "2026-07-29", "latest_signal_date": "2026-07-29", "oldest_date": "2026-05-18", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 107, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 35, "bar_width": 32.7}, {"key": "derivative", "label": "Options and derivatives", "count": 4, "bar_width": 3.7}, {"key": "other", "label": "Other securities", "count": 0, "bar_width": 0.0}], "roles": [{"label": "Director", "count": 60, "bar_width": 100.0}, {"label": "Other executive", "count": 44, "bar_width": 73.3}, {"label": "CEO and chair", "count": 27, "bar_width": 45.0}, {"label": "Finance leadership", "count": 8, "bar_width": 13.3}, {"label": "Other or unspecified", "count": 7, "bar_width": 11.7}], "supports": ["4 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 53 named insiders rather than one filing source."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 1, "disposals": 4, "qualified_acquisitions": 1, "qualified_disposals": 3, "total": 5, "height": 10.9, "acquisition_height": 20.0, "disposal_height": 80.0}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 0, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 1, "height": 2.2, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 19, "disposals": 27, "qualified_acquisitions": 1, "qualified_disposals": 14, "total": 46, "height": 100.0, "acquisition_height": 41.3, "disposal_height": 58.7}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 12, "disposals": 5, "qualified_acquisitions": 2, "qualified_disposals": 3, "total": 17, "height": 37.0, "acquisition_height": 70.6, "disposal_height": 29.4}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 9, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 9, "height": 19.6, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 19, "disposals": 12, "qualified_acquisitions": 0, "qualified_disposals": 5, "total": 31, "height": 67.4, "acquisition_height": 61.3, "disposal_height": 38.7}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "peers": [{"label": "Recreational Vehicles", "score": 75, "confidence": 89}, {"label": "Home Improvement Retail", "score": 75, "confidence": 75}, {"label": "Auto Manufacturers", "score": 74, "confidence": 86}, {"label": "Lodging", "score": 67, "confidence": 83}, {"label": "Personal Services", "score": 65, "confidence": 80}, {"label": "Textile Manufacturing", "score": 57, "confidence": 51}, {"label": "Residential Construction", "score": 53, "confidence": 94}, {"label": "Apparel Manufacturing", "score": 50, "confidence": 91}, {"label": "Furnishings, Fixtures & Appliances", "score": 49, "confidence": 92}, {"label": "Restaurants", "score": 48, "confidence": 91}, {"label": "Footwear & Accessories", "score": 48, "confidence": 88}, {"label": "Leisure", "score": 46, "confidence": 92}, {"label": "Homebuilding & Construction Supplies", "score": 46, "confidence": 55}, {"label": "Auto & Truck Dealerships", "score": 45, "confidence": 95}, {"label": "Specialty Retail", "score": 43, "confidence": 91}, {"label": "Apparel Retail", "score": 43, "confidence": 90}, {"label": "Auto Parts", "score": 42, "confidence": 90}, {"label": "Luxury Goods", "score": 32, "confidence": 70}, {"label": "Travel Services", "score": 27, "confidence": 89}, {"label": "Packaging & Containers", "score": 25, "confidence": 95}, {"label": "Resorts & Casinos", "score": 25, "confidence": 93}, {"label": "Internet Retail", "score": 24, "confidence": 96}, {"label": "Gambling", "score": 24, "confidence": 75}, {"label": "Department Stores", "score": 14, "confidence": 70}], "leaders": {"constructive": [{"symbol": "MOV", "name": "Movado Group Inc", "score": 64, "confidence": 58}, {"symbol": "TPR", "name": "Tapestry Inc", "score": 53, "confidence": 28}], "cautious": [{"symbol": "REAL", "name": "TheRealReal Inc", "score": 12, "confidence": 82}, {"symbol": "CPRI", "name": "Capri Holdings Ltd", "score": 12, "confidence": 82}, {"symbol": "BRLT", "name": "Brilliant Earth Group Inc", "score": 22, "confidence": 46}], "active": [{"symbol": "CPRI", "name": "Capri Holdings Ltd", "score": 12, "confidence": 82}, {"symbol": "REAL", "name": "TheRealReal Inc", "score": 12, "confidence": 82}, {"symbol": "MOV", "name": "Movado Group Inc", "score": 64, "confidence": 58}, {"symbol": "BRLT", "name": "Brilliant Earth Group Inc", "score": 22, "confidence": 46}, {"symbol": "TPR", "name": "Tapestry Inc", "score": 53, "confidence": 28}, {"symbol": "SIG", "name": "Signet Jewelers Ltd", "score": 50, "confidence": 35}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}