priceline.com

(PCLN)

fell 26% in preopen

Island

TheStreet Recommends

trading, after The

Priceline WebHouse Club

, a privately held licensee of priceline.com, announced that it would wind down operations in the next 90 days.

priceline.com issued a statement pointing out that it is a separate company from the WebHouse Club. priceline.com said it would take a noncash loss in the third-quarter for a warrant it received in WebHouse Club.