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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch unloaded 46,668 shares of Payment Data Systems stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $0.13, for a total value 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 document filed with the SEC, which can be accessed through this link.

Payment Data Systems (NASDAQ:PYDS) remained flat at $0.133 during trading on Wednesday. 29,000 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’s 50-day moving average is $0.11 and its 200-day moving average is $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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