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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch sold 11,000 shares of the company’s stock on the open market in a transaction dated Friday, June 20th. The shares were sold at an average price of $0.11, for a total transaction of $1,210.00. Following the completion of the sale, the chief operating officer now directly owns 32,408,067 shares in the company, valued at approximately $3,564,887. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Payment Data Systems (NASDAQ:PYDS) traded down 4.76% on Monday, hitting $0.10. 4,200 shares of the company’s stock traded hands. Payment Data Systems has a 52-week low of $0.03 and a 52-week 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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