Insider Selling: Louis A. Hoch Unloads 138,500 Shares of Payment Data Systems Stock (PYDS)
Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch sold 138,500 shares of Payment Data Systems stock on the open market in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $0.10, for a total value of $13,850.00. Following the sale, the chief operating officer now directly owns 32,469,067 shares in the company, valued at approximately $3,246,907. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Payment Data Systems (NASDAQ:PYDS) remained flat at $0.10 during during mid-day trading trading on Thursday. 400 shares of the company’s stock traded hands. Payment Data Systems has a 1-year low of $0.03 and a 1-year high of $0.13. The stock’s 50-day moving average is $0.09 and its 200-day moving average is $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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