Here is a slightly different method. The results are different too, in a very important way.
- Select the target cell
- Use Shift Cmd Down Arrow to select from there to the end of the column or use Option Shift Cmd Down Arrow to select from there to the lowest cell that has something in it or select what you want with your mouse using Shift Click.
- Click and hold on the target cell. All the selected cells will "lift" out of the table.
- Drag them to where you want them (anywhere at all, even to a new table or to a blank spot on the canvas) and let go. If this extends off the bottom of the table, it will create new rows.
Here is the important difference in the two methods:
Suppose cell C3 has the formula =D3. You want to move cell C3 down to C4. If you Cut/Paste it down one row, the resulting formula in C4 will be =D4. If you use the lift-drag-drop method the formula will remain unchanged as =D3.
If you haven't used this method to move cells around or to rearrange rows or columns, you will soon find it to be very handy. Just select the range of cells you want to move (including entire columns or rows) and drag them to somewhere else.