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Re:Insider Trader Had All the Answers by MassPikeMike on Friday October 04, 2024 @10:03PM (#41747178)
In theory you are right that stock splits have no bearing on returns, but in practice it is well documented (see e.g. [1]) that "stock splits and reverse splits often result in short-term abnormal returns even though such split events do not change any fundamental factors affecting the valuation of a firm's stock."

[1] https://www.sciencedirect.com/science/article/pii/S016726812...

Re:Insider Trader Had All the Answers by senkora on Saturday October 05, 2024 @12:41AM (#41747776)
> We provide evidence that the incomplete adjustment of share prices to splits or reverse splits can be attributed to heterogeneity in traders' cognitive abilities.

What a colorful turn of phrase.