NXR if the seller has gone, the rerating beginsNorcros plcLSE_DLY:NXRStockso_SimpleA solid consolidation since mid September looks to have come to an end. Just look at all that volume concentrated between 288p and 305p. It looks like genuine accumulation. On Thursday the price broke free on very heavy volume, nearly 8x the average. That could be a large block of shares changing hands between two institutions. Interestingly, on 17 August Canaccord Genuity cut its stake from 9.78% to 4.94%, taking it below 5%. Any further selling may not show up in the filings. Either way, the price closed at the high of the day. If that’s one big seller out of the way, we could see this rerate further. Price target: 355p Potential reward: 12%