That might be how you imagine the stock market works based on first principles but Investopedia tells us "The most liquid stocks tend to be those with a great

That might be how you imagine the stock market works based on first principles but Investopedia tells us "The most liquid stocks tend to be those with a great deal of interest from various market actors and a lot of daily transaction volume. Such stocks will also attract a larger number of market makers who maintain a tighter two-sided market." https://www.investopedia.com/terms/l/liquidity.asp https://www.investopedia.com/terms/l/liquidity.asp In other words the more appetite for the stock, the more liquid the stock, and therefore the easier it is for a buyer to acquire the stock. This is presumably because stock market indexes will refuse to include an illiquid stock, meaning there will be less demand for the stock, and the stock price will drop. Apple did a 4 for 1 stock split in 2020. Do you really think they screwed over their investors because you know something they don't about how stocks are valued?