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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch unloaded 60,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $0.12, for a total value of $7,200.00. Following the completion of the transaction, the chief operating officer now directly owns 32,054,507 shares in the company, valued at approximately $3,846,541. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Payment Data Systems (NASDAQ:PYDS) opened at 0.12 on Friday. 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 $0.10 and its 200-day moving average is $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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