The 44.2 M volume on 7/8 was apparently catalyzed by BMO Capital starting NMTR at Outperform with a $5 price target. Yesterday's volume was quite similar to the 43.9 M volume on 1/29, following the Oppenheimer Buy recommendation and a $6.00 target at the time.
For several days after 1/29, there was strong follow-up buying, which so far has not happened today, with 8.9 M traded, down $0.08 with about 2 hours to the close.
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