Question about stock split of GOOG on July 2022


Hi! I'm a software developer, I don't know much how stocks work and today I was playing around with Alpaca stock api I found a really big difference of price between 2 dates on the GOOG stocks (and also on the GOOGL stock). Here is the concrete thing I saw:

Image

The associated data

(index) ClosePrice HighPrice LowPrice TradeCount OpenPrice Timestamp Volume VWAP
3 2228.8 2239.75 2186.51 78622 2216.52 '7/14/2022, 4:00:00 AM' 1734197 2220.851805
4 2255.34 2280.01 2236.45 75881 2259.26 '7/15/2022, 4:00:00 AM' 1906114 2254.966769
5 109.91 114.8 109.3 478640 113.44 '7/18/2022, 4:00:00 AM' 35360330 111.74511
6 114.62 114.81 110.5 398489 111.73 '7/19/2022, 4:00:00 AM' 34351586 113.410851

So searched about this I found that it was due to “stock split”. From what I understood about this, is basically increasing the number of available stocks but keeping the proportion of what the company is worth. Meaning if before I had 10 stocks at 500, now I'll have 20 stocks at 250. I get that part, but I couldn't figure why this is done, what does the company gains by doing this.

Hope this is a valid question to ask on this subreddit. Thanks in advance!


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