Lordstown Motors Corp. RIDE, -11.55% stock was halted at midday Friday, with shares 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 called 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, with the company clarifying that orders are not binding. The stock has lost 54% this year, contrasting with a gain of 15% for the benchmark S&P 500 index SPX, +0.68%.
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