{"scope": "industry", "title": "Medical Devices", "sector": "Healthcare", "industry": "Medical Devices", "intelligence": {"score": 49, "label": "Balanced insider tape", "tone": "neutral", "stance": "Wait for clearer clustering", "brief": "Acquisition and disposal evidence is mixed after low-information compensation and derivative activity is separated out.", "confidence": 83, "confidence_label": "Deep evidence", "filings": 1623, "companies": 83, "insiders": 628, "signal_events": 528, "acquisition_events": 135, "disposal_events": 393, "acquisition_share": 25.6, "disposal_share": 74.4, "acquisition_value": 15826585.2341, "disposal_value": 232086325.2427, "net_value": -216259740.0086, "acquisition_value_label": "$15.8M", "disposal_value_label": "$232.1M", "net_value_label": "-$216.3M", "data_quality": 35, "priced_common_share": 34, "latest_date": "2026-07-24", "latest_signal_date": "2026-07-24", "oldest_date": "2026-05-11", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 1080, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 310, "bar_width": 28.7}, {"key": "derivative", "label": "Options and derivatives", "count": 223, "bar_width": 20.6}, {"key": "other", "label": "Other securities", "count": 10, "bar_width": 0.9}], "roles": [{"label": "Director", "count": 867, "bar_width": 100.0}, {"label": "Other executive", "count": 302, "bar_width": 34.8}, {"label": "CEO and chair", "count": 158, "bar_width": 18.2}, {"label": "Finance leadership", "count": 129, "bar_width": 14.9}, {"label": "Other or unspecified", "count": 111, "bar_width": 12.8}, {"label": "Large holder", "count": 56, "bar_width": 6.5}], "supports": ["135 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 628 named insiders rather than one filing source."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-05-18", "label": "18 May", "acquisitions": 204, "disposals": 104, "qualified_acquisitions": 13, "qualified_disposals": 56, "total": 308, "height": 99.7, "acquisition_height": 66.2, "disposal_height": 33.8}, {"start": "2026-05-25", "label": "25 May", "acquisitions": 98, "disposals": 60, "qualified_acquisitions": 22, "qualified_disposals": 37, "total": 158, "height": 51.1, "acquisition_height": 62.0, "disposal_height": 38.0}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 188, "disposals": 121, "qualified_acquisitions": 16, "qualified_disposals": 79, "total": 309, "height": 100.0, "acquisition_height": 60.8, "disposal_height": 39.2}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 123, "disposals": 37, "qualified_acquisitions": 20, "qualified_disposals": 23, "total": 160, "height": 51.8, "acquisition_height": 76.9, "disposal_height": 23.1}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 94, "disposals": 63, "qualified_acquisitions": 10, "qualified_disposals": 37, "total": 157, "height": 50.8, "acquisition_height": 59.9, "disposal_height": 40.1}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 51, "disposals": 28, "qualified_acquisitions": 2, "qualified_disposals": 26, "total": 79, "height": 25.6, "acquisition_height": 64.6, "disposal_height": 35.4}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 65, "disposals": 46, "qualified_acquisitions": 26, "qualified_disposals": 34, "total": 111, "height": 35.9, "acquisition_height": 58.6, "disposal_height": 41.4}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 51, "disposals": 19, "qualified_acquisitions": 3, "qualified_disposals": 13, "total": 70, "height": 22.7, "acquisition_height": 72.9, "disposal_height": 27.1}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 20, "disposals": 22, "qualified_acquisitions": 5, "qualified_disposals": 14, "total": 42, "height": 13.6, "acquisition_height": 47.6, "disposal_height": 52.4}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 6, "disposals": 13, "qualified_acquisitions": 3, "qualified_disposals": 10, "total": 19, "height": 6.1, "acquisition_height": 31.6, "disposal_height": 68.4}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"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}], "peers": [{"label": "Pharmaceutical Retailers", "score": 72, "confidence": 16}, {"label": "Medical Distribution", "score": 59, "confidence": 65}, {"label": "Drug Manufacturers - General", "score": 57, "confidence": 85}, {"label": "Biotechnology", "score": 51, "confidence": 84}, {"label": "Medical Devices", "score": 49, "confidence": 83}, {"label": "Diagnostics & Research", "score": 42, "confidence": 86}, {"label": "Medical Instruments & Supplies", "score": 42, "confidence": 84}, {"label": "Medical Care Facilities", "score": 38, "confidence": 86}, {"label": "Drug Manufacturers - Specialty & Generic", "score": 35, "confidence": 87}, {"label": "Healthcare Plans", "score": 35, "confidence": 85}, {"label": "Health Information Services", "score": 33, "confidence": 84}], "leaders": {"constructive": [{"symbol": "RCEL", "name": "Avita Medical Ltd", "score": 88, "confidence": 68}, {"symbol": "TMCI", "name": "Treace Medical Concepts Inc", "score": 87, "confidence": 82}, {"symbol": "RPID", "name": "Rapid Micro Biosystems Inc", "score": 80, "confidence": 61}, {"symbol": "STIM", "name": "Neuronetics Inc", "score": 78, "confidence": 56}, {"symbol": "NSPR", "name": "InspireMD Inc", "score": 78, "confidence": 54}, {"symbol": "CTSO", "name": "Cytosorbents Crp", "score": 78, "confidence": 40}, {"symbol": "ENOV", "name": "Enovis Corp", "score": 76, "confidence": 72}, {"symbol": "TELA", "name": "Tela Bio Inc", "score": 75, "confidence": 50}], "cautious": [{"symbol": "CTKB", "name": "Cytek Biosciences Inc", "score": 12, "confidence": 70}, {"symbol": "SYK", "name": "Stryker Corporation", "score": 12, "confidence": 71}, {"symbol": "IRMD", "name": "Iradimed Co", "score": 12, "confidence": 73}, {"symbol": "LUNG", "name": "Pulmonx\u00a0Corp", "score": 12, "confidence": 77}, {"symbol": "MASS", "name": "908 Devices Inc", "score": 12, "confidence": 78}, {"symbol": "DXCM", "name": "DexCom Inc", "score": 12, "confidence": 87}, {"symbol": "BFLY", "name": "Butterfly Network Inc", "score": 12, "confidence": 89}, {"symbol": "HAE", "name": "Haemonetics Corporation", "score": 14, "confidence": 71}], "active": [{"symbol": "STE", "name": "STERIS plc", "score": 27, "confidence": 80}, {"symbol": "TNDM", "name": "Tandem Diabetes Care Inc", "score": 36, "confidence": 82}, {"symbol": "QTRX", "name": "Quanterix Corp", "score": 34, "confidence": 83}, {"symbol": "EW", "name": "Edwards Lifesciences Corp", "score": 35, "confidence": 86}, {"symbol": "IRMD", "name": "Iradimed Co", "score": 12, "confidence": 73}, {"symbol": "BFLY", "name": "Butterfly Network Inc", "score": 12, "confidence": 89}, {"symbol": "CTKB", "name": "Cytek Biosciences Inc", "score": 12, "confidence": 70}, {"symbol": "SIBN", "name": "Si-Bone Inc", "score": 20, "confidence": 83}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}