Why EveryWare Global (EVRY) Stock Is Spiking Today

NEW YORK (TheStreet) -- EveryWare Global (EVRY) shares are shooting up 55.45% to $1.71 on Monday after the company reached an agreement that would allow it to remain solvent for the rest of the month.

The company reached an agreement with lenders to waive breached debt covenants including a $250 million term loan.

The struggling housewares manufacturer has reported losses in six of the past seven quarters.

Must ReadWarren Buffett's 25 Favorite Stocks 

EVRY Chart

EVRY data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers