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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch unloaded 46,668 shares of the stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $0.13, for a total transaction of $6,066.84. Following the completion of the sale, the chief operating officer now directly owns 31,838,371 shares of the company’s stock, valued at approximately $4,138,988. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Payment Data Systems (NASDAQ:PYDS) traded up 1.50% on Monday, hitting $0.135. 78,619 shares of the company’s stock traded hands. Payment Data Systems has a 1-year low of $0.04 and a 1-year high of $0.14. The stock has a 50-day moving average of $0.11 and a 200-day moving average of $0.10. The company’s market cap is $18.5 million.

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

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