Oh yeah, I think I've heard of almost 6" muzzle movement on one particularly long and thin barrel.
Arrows do the same thing in flight, they wobble around like jumping salmon.
Bridges too, some more noticably than others. Creepy to see a bridge undulate.
It's part of the whole "long barrel for increased velocity for better accuracy" versus "shorter barrel for less barrel movement for better accuracy". Then there's the "pressure point in the forestock for better accuracy" thing as well. There's a whole mess of things that come into play.
I think RatedRR has some slowmo videos that show how his .50 cal barrels move.