Which of the following statements regarding the Dow Jones Industrial Average $($DJIA$)$ is false?

Group of answer choices

The DJIA is a measure of the performance of the stock market.

The DJIA consists of $30$ blue chip stocks.

The DJIA is affected equally by changes in low$-$ and high$-$priced stocks.

The DJIA divisor needs to be adjusted for stock splits.

The value of the DJIA is much higher than individual stock prices.