2TheMart.com Stock Drops 24% in Price

Continuing its roller-coaster ride, the stock of Irvine-based 2TheMart.com Inc. fell 24% Monday, or $3.75 a share, to $12.

At several points during the day, the stock traded at $19, but fell back each time. While the closing price Monday was far below its closing price of $21.50 Wednesday, the company is still valued at $240 million, even though it has no products or sales.

The stock rocketed up last week after the company announced that it would launch an online auction site.