Click , press \ or select Vector Edit Menu > Modify > Move Grab Point.
Position the cursor on the grab point of the text you want to move, making sure that the grab point is within the Grab Snap Distance. Press down your left mouse button. Holding down your left mouse button, move your mouse. As you move your mouse you will see the text being moved. When you are satisfied with the position of the text, raise your left mouse button.
If View Vector Ghosts is selected the old position of the text is shown as a gray “ghost”.