Insider Selling: Payment Data Systems COO Sells 30,000 Shares of Stock (PYDS)
Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch sold 30,000 shares of the stock on the open market in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $0.10, for a total value of $3,000.00. Following the completion of the transaction, the chief operating officer now directly owns 32,906,333 shares of the company’s stock, valued at approximately $3,290,633. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Payment Data Systems (NASDAQ:PYDS) remained flat at $0.10 during trading on Thursday. Payment Data Systems has a 52 week low of $0.03 and a 52 week high of $0.20. The stock’s 50-day moving average is $0.07 and its 200-day moving average is $0.07. The company’s market cap is $12.5 million.
Payment Data Systems, Inc primarily operates as a processor of electronic payments for other companies.
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