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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch sold 40,200 shares of Payment Data Systems stock on the open market in a transaction dated Friday, August 8th. The shares were sold at an average price of $0.14, for a total transaction of $5,628.00. Following the sale, the chief operating officer now directly owns 32,114,507 shares of the company’s stock, valued at approximately $4,496,031. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Payment Data Systems (NASDAQ:PYDS) traded up 4.35% during mid-day trading on Monday, hitting $0.12. 240,090 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 has a 50-day moving average of $0.10 and a 200-day moving average of $0.10. The company’s market cap is $16.5 million.

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

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