VERIFIED SOLUTION i

How to move points on a map with MapBasic

Products affected: MapInfo Pro™, MapBasic™
The best approach would be to use the commands in the MapBasic window: "Update tableName set obj = CreatePoint(X_field,Y_field)".

More detailed information about the Update and CreatePoint() syntax can be found within the MapBasic Help Guide.
UPDATED:  October 9, 2017