One of the primary reasons companies split their stock is to keep the price in a more natural trading range where there's likely to be more liquidity. An n-way

One of the primary reasons companies split their stock is to keep the price in a more natural trading range where there's likely to be more liquidity. An n-way stock split in theory should reduce the price by a factor of n (that is, a 2:1 split ought to halve the price) but what we're seeing now is likely just price discovery based on the bullish earnings report.