The stock was up 12.3% to $6.30 on extended volume of around 52,000. The shares finished Tuesday's regular session at $5.61, up 3% on the day, but down more than 50% since hitting a 52-week high of $12.41 on Jan. 28.
Asia Entertainment said it expects to begin the repurchase program and announce the pay and record dates for the dividend after it reports its results for the six months ending June 30.
Other stocks active in Tuesday's late trading included Adobe Systems (ADBE), which slumped 3% to 30.99 on volume of 1.5 million after the graphics design and publishing software developer reported its fiscal second-quarter results; and Jabil Circuit (JBL), which edged up 12 cents to $18.97 on volume of more than 500,000 after the electronics manufacturing services provider edged Wall Street's expectations for its third quarter by a penny but gave an outlook for its fourth quarter that looks light.
--Written by Michael Baron in New York.
>To contact the writer of this article, click here: Michael Baron.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV