{"scope": "industry", "title": "Railroads", "sector": "Industrials", "industry": "Railroads", "intelligence": {"score": 40, "label": "Distribution bias", "tone": "negative", "stance": "Demand a stronger confirmation bar", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 88, "confidence_label": "Deep evidence", "filings": 134, "companies": 8, "insiders": 72, "signal_events": 73, "acquisition_events": 18, "disposal_events": 55, "acquisition_share": 24.7, "disposal_share": 75.3, "acquisition_value": 4746445.5228, "disposal_value": 19875433.0472, "net_value": -15128987.5244, "acquisition_value_label": "$4.7M", "disposal_value_label": "$19.9M", "net_value_label": "-$15.1M", "data_quality": 79, "priced_common_share": 55, "latest_date": "2026-08-05", "latest_signal_date": "2026-08-05", "oldest_date": "2026-05-20", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 95, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 36, "bar_width": 37.9}, {"key": "derivative", "label": "Options and derivatives", "count": 3, "bar_width": 3.2}, {"key": "other", "label": "Other securities", "count": 0, "bar_width": 0.0}], "roles": [{"label": "Director", "count": 48, "bar_width": 100.0}, {"label": "CEO and chair", "count": 30, "bar_width": 62.5}, {"label": "Other or unspecified", "count": 24, "bar_width": 50.0}, {"label": "Other executive", "count": 20, "bar_width": 41.7}, {"label": "Finance leadership", "count": 12, "bar_width": 25.0}], "supports": ["18 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 72 named insiders rather than one filing source.", "The latest qualifying evidence is fresh, dated 05 Aug 2026."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 6, "disposals": 9, "qualified_acquisitions": 2, "qualified_disposals": 7, "total": 15, "height": 83.3, "acquisition_height": 40.0, "disposal_height": 60.0}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 8, "disposals": 6, "qualified_acquisitions": 8, "qualified_disposals": 6, "total": 14, "height": 77.8, "acquisition_height": 57.1, "disposal_height": 42.9}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 1, "disposals": 1, "qualified_acquisitions": 1, "qualified_disposals": 1, "total": 2, "height": 11.1, "acquisition_height": 50.0, "disposal_height": 50.0}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 18, "disposals": 0, "qualified_acquisitions": 1, "qualified_disposals": 0, "total": 18, "height": 100.0, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 6, "disposals": 8, "qualified_acquisitions": 6, "qualified_disposals": 8, "total": 14, "height": 77.8, "acquisition_height": 42.9, "disposal_height": 57.1}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 0, "disposals": 3, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 3, "height": 16.7, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 1, "disposals": 9, "qualified_acquisitions": 1, "qualified_disposals": 8, "total": 10, "height": 55.6, "acquisition_height": 10.0, "disposal_height": 90.0}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 2, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 2, "height": 11.1, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 1, "disposals": 8, "qualified_acquisitions": 0, "qualified_disposals": 8, "total": 9, "height": 50.0, "acquisition_height": 11.1, "disposal_height": 88.9}, {"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": "Tools & Accessories", "score": 68, "confidence": 85}, {"label": "Pollution & Treatment Controls", "score": 67, "confidence": 84}, {"label": "Specialty Business Services", "score": 65, "confidence": 92}, {"label": "Waste Management", "score": 65, "confidence": 88}, {"label": "Conglomerates", "score": 62, "confidence": 92}, {"label": "Electrical Equipment & Parts", "score": 60, "confidence": 91}, {"label": "Specialty Industrial Machinery", "score": 54, "confidence": 93}, {"label": "Farm & Heavy Construction Machinery", "score": 53, "confidence": 93}, {"label": "Engineering & Construction", "score": 53, "confidence": 91}, {"label": "Security & Protection Services", "score": 53, "confidence": 91}, {"label": "Rental & Leasing Services", "score": 48, "confidence": 92}, {"label": "Trucking", "score": 47, "confidence": 86}, {"label": "Business Equipment & Supplies", "score": 45, "confidence": 57}, {"label": "Industrial Distribution", "score": 42, "confidence": 92}, {"label": "Railroads", "score": 40, "confidence": 88}, {"label": "Building Products & Equipment", "score": 37, "confidence": 94}, {"label": "Aerospace & Defense", "score": 37, "confidence": 93}, {"label": "Metal Fabrication", "score": 37, "confidence": 90}, {"label": "Staffing & Employment Services", "score": 35, "confidence": 84}, {"label": "Integrated Freight & Logistics", "score": 32, "confidence": 84}, {"label": "Airlines", "score": 30, "confidence": 86}, {"label": "Consulting Services", "score": 26, "confidence": 84}, {"label": "Airports & Air Services", "score": 16, "confidence": 65}, {"label": "Marine Shipping", "score": 12, "confidence": 77}], "leaders": {"constructive": [{"symbol": "UNP", "name": "Union Pacific Corporation", "score": 87, "confidence": 87}, {"symbol": "RAIL", "name": "Freightcar America Inc", "score": 72, "confidence": 28}, {"symbol": "CSX", "name": "CSX Corporation", "score": 64, "confidence": 82}], "cautious": [{"symbol": "WAB", "name": "Westinghouse Air Brake Technologies Corp", "score": 12, "confidence": 95}, {"symbol": "TRN", "name": "Trinity Industries Inc", "score": 19, "confidence": 60}, {"symbol": "GBX", "name": "Greenbrier Companies Inc", "score": 25, "confidence": 36}, {"symbol": "FSTR", "name": "LB Foster Company", "score": 34, "confidence": 81}], "active": [{"symbol": "WAB", "name": "Westinghouse Air Brake Technologies Corp", "score": 12, "confidence": 95}, {"symbol": "UNP", "name": "Union Pacific Corporation", "score": 87, "confidence": 87}, {"symbol": "FSTR", "name": "LB Foster Company", "score": 34, "confidence": 81}, {"symbol": "CSX", "name": "CSX Corporation", "score": 64, "confidence": 82}, {"symbol": "TRN", "name": "Trinity Industries Inc", "score": 19, "confidence": 60}, {"symbol": "GBX", "name": "Greenbrier Companies Inc", "score": 25, "confidence": 36}, {"symbol": "RAIL", "name": "Freightcar America Inc", "score": 72, "confidence": 28}, {"symbol": "NSC", "name": "Norfolk Southern Corporation", "score": 50, "confidence": 35}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}