In the old days companies used to split the stock when it got too high, example $100 per share.
Thinking being that if it was priced at $50 more people would buy it as it only cost $5,000 for 100 shares.
Now the thinking is look how great our company is, our stock price is so high, we must be great.
Since so many people buy stocks in etf's and mutual funds, the price does not matter.
Just look at Brk.A stock $337,421.00 per share, this is why Warren Buffet created the Brk.B stock (a cheap version of the same company) only $225.08 per share.
Fortune favors the prepared mind. ... Louis Pasteur