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Drag and cut

Windows shortcut 
drag
Mac shortcut 
drag

The default behavior for drag and drop is to cut data in cells (similar to using Edit > Cut). Just select the cells you want to cut, hover the mouse cursor over the selection until the cursor turns into a four headed arrow, and drag the selection to a new location.
 

Related videos

The videos below demonstrate this shortcut.
In this video, we'll look at how to work with rows and columns to structure data in an Excel Table.
In this lesson, we cover shortcuts you can use for drag and drop in Excel.
In this lesson, we cover shortcuts you can use to cut, copy, and paste. We also cover drag and drop options.