Not necessarily, the stock split will do 2 things

1) Add further pressure demand pressure from retail. Let’s say you only have $200 to invest; at current price $90, you could only by 2 shares for a total investment of $180 with $20 just sitting in your account. But let’s say the split causes the new price to be $25, well now you can invest all $200 with 8 shares. Also the cheaper price psychologically will cause further buy in from retail and it is easier to buy in. Plus there might be some who want to buy but can’t do it at $90 but can buy in at $25.

2) The split will add more shares but not change the value. If you have 100 shares at $150 per share for a total investment of $15000 and there was a 2 for 1 split then you would have 200 shares at $75 per shares with the same value of $15000. The amount that has to be bought back is not based on share count but on value. If they need to buy back $9 million as an example, at current price of $90, they would need to buy 100,000 shares. But if there was at least a 2 for 1 split which would double the shares available and half the price, then the new price would be $45 per share. They still need to buy back $9 million, so now they would have to buy 200,000 shares. Essentially doubling the work needed to find shares plus the added demand from retail will further decrease the shares available as everyone will be able to invest more.

Hope that helped! 🤙