GME gonna do a stock split! Good bye Hedgies.
(media.greatawakening.win)
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A split by itself doesn't change the intrinsic value of a stock. There are actually several reasons a company may decide to split...threat of delisting, an effort to make a low-priced stock appear more "worthy" of ownership, etc., etc.
Generally speaking, stock splits increase the value once the dust settles.
I think your statement would only be valid in a rising market perhaps. I can find examples of stocks that fell after splits. My only point was to clarify what some people misunderstand about stock splits. The split, in and of itself, does nothing to the actual intrinsic value. It's all about perception, and, in some cases, the company hopes by doing so that it will change the perception of the stock in a positive light.
Your statement would be more accurate to say, "...stock price generally increases FOLLOWING a split, once the dust settles." Semantics, but important...
It is NOT stock split. Read some superstonk threads jesus.
Why would I read a superstonk thread? I don't care about trading GME...