A firearm with movable cheek riser is a rifle stock having a stock body having a facility for receiving a rifle action and a rear extending portion, a stock butt portion telescopically connected to the rear extending portion, the butt portion being movable between a retracted position and an extended position, a cheek riser having a rear portion connected to the butt portion and a front portion connected to the stock body, and the cheek riser being movable between an elevated position and a lower position. The cheek riser may be pivotally connected to the butt portion. The cheek riser may include a downwardly-depending post received in a post bore defined in the stock body, wherein the post is curved such that a pivoting motion of the stock is facilitated. The invention may be a rifle including the rifle stock receiving a barreled rifle action.