Spotlight: Shopping.com’s Shares Lead the Market Plunge

Corona del Mar-based Shopping.com plunged 61% to well below its initial public offering price after Waldron & Co. of Irvine, the Internet retailer’s underwriter and biggest market maker, stopped trading its stock. Shopping.com, which sells a variety of products, also said it is seeking to raise more than $20 million. The shares fell $8.88 to close at $5.75, making it the biggest percentage decliner in U.S. markets. The company went public in November at $9 a share. It traded as high as $39 in March.