IPVSMERC• Today (Normalized)

IP vs MERC (International Paper Company vs Mercer International Inc.)

Showing Closing Date Range from Oct 5 to Oct 6, 2026.

Normalized cumulative comparison anchored at 0.00% baseline to illustrate pure alpha, return divergence, and market momentum.

BEFORE THE OPEN US Eastern Time (ET)

Before the Regular Session

6:09 AM ET
2026-10-07

Current time is 6:09 AM ET. The regular US trading session begins at 9:30 AM ET. Showing closing prices from the prior official trading session.

Today's Alpha Margin

IP leads by +3.11% Alpha Spread Today

IP is trading at +0.28% while MERC is at -2.83% .

IP (0.28%) MERC (-2.83%)
Dominance Spread3.11% Spread
Card 1 • Session Start 9:30 AM ET OPEN

Started At

Official opening auction price

IP
Gap: +0.07 (0.22%)
$32.12
MERC
Gap: +0.00 (0.00%)
$0.25
Baseline Prior Closes $32.05 vs $0.25
Card 2 • Execution PRIOR SESSION

Previous Close

Baseline for today's market open

IP
Latest snapshot
$32.14
MERC
Latest snapshot
$0.24
Verified Snapshot6:09 AM ET
Card 3 • Net Move IP LEADING

Gained / Lost Today

Net return against previous session close

IP
+$0.09
+0.28%
MERC
$-0.01
-2.83%
Performance Lead +3.11% Advantage

Today's Trading Range Position

Where each asset is currently trading relative to its Day Low and Day High

IP $32.14 (36% of range)
Low: $31.89High: $32.58
MERC $0.24 (50% of range)
Low: $0.23High: $0.25

Session Liquidity & Volume

Trading activity, share volume, and estimated dollar liquidity

IP Liquidity
Share Volume
4.72M
Est. Dollar Volume
$151.56M
MERC Liquidity
Share Volume
624.7K
Est. Dollar Volume
$149.9K

Session Ledger Comparison

Direct side-by-side breakdown of today's key auction and price metrics

MetricIPMERCHead-to-Head Advantage
Today's Return+0.28% -2.83% IP +3.11%
Net Dollar Move+$0.09$-0.01IP higher move
Open Price$32.12$0.25 Gap: 0.22% vs 0.00%
Day High$32.58$0.25Session peaks
Day Low$31.89$0.23Session troughs
Intraday Spread$0.69$0.02High/Low spread
Share Volume4.72M624.7KIP more active
Est. Dollar Volume$151.56M$149.9KIP higher liquidity
Multi-Day Trajectory Charts•Interactive Historical Comparison

Explore IP vs MERC Over Extended Timeframes

Today's session isolates intraday momentum. Switch to normalized multi-day timeframes to analyze historical correlations, cumulative returns, and divergence charts.