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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch unloaded 2,400 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $0.11, for a total transaction of $264.00. Following the transaction, the chief operating officer now directly owns 32,324,867 shares of the company’s stock, valued at approximately $3,555,735. 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 5.84% during mid-day trading on Thursday, hitting $0.0951. The stock had a trading volume of 300 shares. 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 $13.1 million.

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

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