The stock market was mixed Friday, showing once again a big disparity across different market benchmarks. Both the S&P 500 (SNPINDEX:^GSPC) and the Dow Jones Industrial Average (DJINDICES:^DJI) posted gains and reached new all-time highs. Yet the Nasdaq Composite (NASDAQINDEX:^IXIC) lost ground, though it finished the day well above its worst levels.

Data source: Yahoo! Finance.

There's been a lot of hype in the market for initial public offerings (IPOs) for months, and many recent IPO stocks have soared. Yet in the past few weeks, many of those former highfliers have fallen back to earth. On Friday, three IPO stocks in particular took big hits for a variety of reasons.

Shares of electric vehicle upstart Lordstown Motors (NASDAQ:RIDE) fell 17% Friday. The company was the latest target of a well-known research firm that looks at companies it believes are good candidates for short-selling.

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