It's possible. I raise chickens so am pretty familiar with what goes on inside the eggs. Grocery store eggs are not fertile (the hens are housed separate from the males) so there is no chance that this is a baby chick in the shell UNLESS this was a farm fresh egg. If that's the case, the egg may have been fertile and you may have seen an embryo.
Aside from that, this could be a double yolk, bacteria in the shell or another anomoly.
Let me know if you want to discuss this more.