Payment Data Systems (PYDS) Stock: Skyrockets On Annual Report

Payment Data Systems, Inc. (NASDAQY: PYDS) is having an overwhelmingly strong start to the trading session today after filing its annual report. The positive results led to an investor frenzy that sent the stock skyrocketing. Of course, our partners at Trade Ideas were the first to alert us to the movement. At the moment (9:58), PYDS is trading at $2.23 per share after a gain of $0.96 per share (75.59%) thus far today.

PYDS Files Annual Report

As mentioned above, Payment Data Systems is having an incredible day in the market today after filing its annual report for the year 2016. If you’d like to read the complete filing, click here. But suffice it to say, the report was overwhelmingly positive, leading to the frenzy that we’re seeing on the stock at the moment.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on PYDS. In particular, we’ll be digging further into the annual report as well as following the company through the year 2017 to see if the positive movement continues. We’ll continue to follow the story closely and bring the news to you as it breaks!

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