On the Tools toolbar, click
the Object Selection tool
.
Select the text you want to move.
A bounding box surrounds the text, click inside the bounding box, the
cursor changes to 
.
Click and drag the text anywhere within the image.
To move or position vector text on a layer, use the Object Selection tool. To move raster text, use a selection tool like the Magic Wand tool to select and move it.
Note: To move text to another layer, select the text, then cut and paste the text to another layer.
To move vector text:
On the Tools toolbar, click
the Object Selection tool
.
Select the text you want to move.
A bounding box surrounds the text, click inside the bounding box, the
cursor changes to .
Click and drag the text anywhere within the image.
To move raster text:
On the Tools toolbar, select one of the Selection tools. For details, see Using the Selection Tools.
Select the text you want to move.
A bounding box surrounds the text, click inside the bounding box, the
cursor changes to 
.
Note: If you move the cursor outside of the bounding box, the cursor changes to the selection tool cursor.
Click and drag the text anywhere within the image.
About Vector Floating and Selection Text
Aligning and Spacing Text on Object Paths
Creating Text with Image Patterns