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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch sold 25,700 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $0.09, for a total value of $2,313.00. Following the transaction, the chief operating officer now directly owns 32,607,567 shares in the company, valued at approximately $2,934,681. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Payment Data Systems (NASDAQ:PYDS) opened at 0.10 on Wednesday. Payment Data Systems has a 1-year low of $0.03 and a 1-year high of $0.13. The stock has a 50-day moving average of $0.09 and a 200-day moving average of $0.09. The company’s market cap is $13.7 million.

Payment Data Systems, Inc primarily operates as a processor of electronic payments for other companies.

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