Insider Selling: Louis A. Hoch Sells 46,668 Shares of Payment Data Systems Stock (PYDS)
Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch sold 46,668 shares of Payment Data Systems stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $0.13, for a total transaction of $6,066.84. Following the transaction, the chief operating officer now directly owns 31,838,371 shares in the company, valued at approximately $4,138,988. The sale was disclosed in a document filed with the SEC, which is available at this link.
Payment Data Systems (NASDAQ:PYDS) traded down 1.48% during mid-day trading on Tuesday, hitting $0.133. 800 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 $18.3 million.
Payment Data Systems, Inc primarily operates as a processor of electronic payments for other companies.
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