What's Going On With Apple Stock?

Apple Inc AAPL shares are trading lower Monday morning. Here's a look at what's going on.

What's Going On: According to a new regulatory filing, Apple has filed for a five-part notes offering. The size of the offering was not disclosed in the prospectus supplement. 

The notes are split into five different categories by due date: 2026, 2028, 2030, 2033 and 2053. Apple said it intends to use the net proceeds for general corporate purposes, which includes repurchases of its common stock, payment of dividends, working capital, capital expenditures, acquisitions and repayment of debt. 

Last week, Apple reported better-than-expected second-quarter results. Several analysts raised price targets on the stock following the print. Apple shares traded up from around $165 to $173 toward the end of last week. The stock is currently hovering within striking distance of its 52-week highs.

Over the weekend, Warren Buffett said Apple is a better business than anything else in Berkshire's portfolio, per Reuters. 

"Apple is different than the other businesses we own. It just happens to be a better business," Buffett said during an annual meeting of shareholders. 

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AAPL Price Action: Apple has a 52-week high of $176.15 and a 52-week low of $124.17.

The stock was down 0.43% at $172.83 at time of publication, according to Benzinga Pro.

Photo: courtesy of Apple.