Lordstown Motors Corp. RIDE, -8.94% stock was halted midday Friday. The shares were down more than 16%. Earlier Friday, The Wall Street Journal reported that the Justice Department had launched a probe into the company’s dealings, citing people familiar with the matter. Electric-truck maker Lordstown has disclosed a SEC inquiry and recently added a “going concern” warning to regulatory filings, following the departure of key executives and doubts over its order book, which the company clarified are not binding. The stock has lost 54% this year, contrasting with gains of 15% for the S&P 500 index. SPX, +0.45%
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