If you switch to the Selection Tool, you should be able to drag the Type by the I-beam, round the ellipse, or across to flip to the inside.
Is that what you are after?
Which version of Illustrator are you using? And which beam exactly are you trying to select?
Older versions of AI have got less beams than newer ones. Right, Jacob ?
I believe you know better than I, Kurt.
And I believe the
may be something else. After all, the path does show handles when Direct Selected.
Still, guessing is more fun than being told, no?