FRANKFURT (dpa-AFX) - The rally of Hellofresh shares received a bitter damper on Friday despite positive analyst comments. The papers of the cooking box shipper had still risen by 3.7 percent in early trading before they turned negative and came under increasing pressure. Most recently, they lost 8.7 percent to 23.47 euros among the weakest stocks in the MDax. The index of mid-caps rose moderately.

During the course of the day, analysts had predominantly reacted to the quarterly figures presented the previous day with price target increases. Analyst Emily Johnson from the British investment bank Barclays even upgraded the shares to "Overweight" and now expects the shares to outperform the other stocks in the sector in the coming twelve months. Most of the negative factors have now been overcome.

According to a trader, investors are now probably using the strong price increase on Thursday and the upgrade on Friday to cash in. In addition, the chart appears somewhat tarnished, because the shares could not sustainably overcome the interim high of 27.55 euros reached in mid-January on Thursday. In this respect, there is now selling pressure. Currently, the shares are testing the 200-day average line, which is considered by technically oriented investors as a measure of long-term development./la/he