RE: Why include the "adjustment for stock split"The word split says nothing about the direction, although the term implies an increase in the number of shares. In a "forward" split the price is reduced and the number of shares increases accordingly. In a "reverse" split the price is increased and the number of shares is reduced accordingly. Nothing really changes, the market cap at the moment the split is done is unchanged. What changes is perception, which of course can have pleasant or disastrous results.
History seems to indicate that forward splits are "good" and reverse splits "bad", but this is by no means always the case. Each situation needs to be judged individually, based on the merits of the company.
Piper